28/01/2016

Silver market in disarray after benchmark price fixed far below spot rate - by the Bullion Desk

"London 28/01/2016 – The silver market was thrown into disarray on Thursday after the LBMA Silver Price was set 84 cents below the spot and futures price this morning.
The LBMA Silver Price – the crucial daily benchmark used by producers and traders around the world to settle silver products and derivatives contracts – was set at $13.58 per ounce. 
At the time of the auction, which begins at 12 noon London time, the spot price was at $14.42 per ounce while the futures price on the CME was at $14.415, leaving a number of market participants extremely confused as to what has happened."

1 comment:

  1. Very impressive updates are given here. Join Epic Research for such updates along with trading calls and avoid risk involved with the trading.

    ReplyDelete