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LONDON SILVER PRICE – CONSULTATION UPDATE

Friday, May 23, 2014

The LBMA’s online survey as part of its market consultation on the London silver daily price mechanism has already received over 250 responses. With a week left until the survey closes on 30th May, the LBMA encourages all market participants and Silver Price users to complete the survey as soon as possible. 
Click here to complete the online survey.

Commenting on the online survey, Ruth Crowell, the LBMA Chief Executive, said:

“Market comments received so far indicate the importance of a daily London silver spot price as well as the need for transparency and wider participation in any future price discovery mechanism. While we await further feedback on the survey, we are continuing to liaise closely with any companies who would be interested in contributing to the London Silver price as well as those interested in its administration.”

Any participants wishing to contribute to the daily silver price mechanism after the 14th August, or who would be interested in assisting the LBMA with the administration of the silver price mechanism, please contact the LBMA’s Operations Director, Sunny Field (sunny.field@lbma.org.uk). 
 

For further information please contact Ruth Crowell, Chief Executive, on
Tel: +44 (0)20 7796 3067 or AG.Consult@lbma.org.uk
 

About the London Bullion Market Association
The LBMA is the international trade association that represents the wholesale over-the-counter market for gold and silver bullion. The LBMA undertakes many activities on behalf of its members, including the setting of good delivery and refining standards, the organisation of conferences and other events, and serving as a point of contact for the regulatory authorities. For more information, please visit www.lbma.org.uk.

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