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'Anti-arb compliance' sinks London silver 'fix' 6%, spot rallies straight back
From BullionVault.com, London
Thursday, January 28, 2016
Silver prices sank almost 80 cents at Thursday lunchtime's London benchmarking, hitting the lowest level in seven years, while gold prices and Comex silver futures contracts held almost unchanged near multi-month highs, thanks to what some traders called the unintended consequences of regulatory compliance by banks and brokerages.
Modelled on the century-old "London Fix" it replaced in 2014 -- and which offered a moment of unlimited liquidity to would-be buyers and sellers -- the LBMA Silver Price became a formally regulated benchmark under UK law last April. ...
... For the remainder of the report:
https://www.bullionvault.com/gold-news/silver-price-012820162
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