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Old 29-01-2016, 09:24 AM
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Default Silver market in disarray

After benchmark price fixed far below spot rate

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.


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Bulliondesk

Zerohedge


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Big day, historic. Now watch, tomorrow maybe silver will hit $13.50, but it's now 100% perfectly clear to ALL who are paying attention - even Reuters - that it is a 100% blatantly manipulated precious metals market - and PHYSICAL silver is worth far, far more per ounce than the Bankers' absurd, criminal "LBMA fix" paper price. - SGTreport
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Last edited by sunburn; 29-01-2016 at 09:29 AM.
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Old 29-01-2016, 01:30 PM
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This could well be a very very interesting moment.
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