Silver Fixing definition

Silver Fixing means the fixing of the price for one troy ounce silver stated in USD, such fixing taking place during the opening days of the London Bullion Market (or a succeeding market on which market participants in the London market for trading with silver trade in silver) at 13:00 (CET) according to the rules of the London Bullion Market Association (or a succeeding organisation representing market participants in the London market for trading with silver). In case the fixing of one troy ounce silver in USD according to the rules of the London Bullion Market Association (or a succeeding organisation representing the market participants in the London market for trading with silver) takes place at a time other than mentioned above, the conclusion of the price fixing at this other time shall be the time for the Silver Fixing.

Examples of Silver Fixing in a sentence

  • By way of example, The London Silver Market Fixing Ltd has announced that it intends to wind down the administration of the London Silver Fixing in August 2014.

  • See Order Awarding Attorneys’ Fees, In re London Silver Fixing Antitrust Litig., Nos.

  • The drawer of the bill is discharged from his liability, if it is not presented for payment, but the drawer of a cheque is discharged only if he suffers any damage by delay in presenting the cheque for payment.

  • The submission must contain: (i) a heading that refers to this Action by case name and case number (In re London Silver Fixing, Ltd.

  • But the relevant discussion in the FINMA report either references manipulation of the Silver Fixing or is too generic to have put Plaintiffs on notice (at least at this stage).

  • Because of the Fixing Banks’ complete control over the Silver Fixing, other conspirators and collusive trading were unnecessary to profit from foreknowledge of the Silver Fixing.

  • For the reasons the Court has already discussed, the alleged connection between the Non-Fixing Banks and a conspiracy to suppress the Silver Fixing is implausible.

  • See, e.g., In re London Silver Fixing, Ltd., Antitrust Litig., 14-MD-2573, Dkt.

  • See Opp’n at 36 (citing econometric analysis of the impact of the Silver Fixing on other markets contained in TAC ¶¶ 143-98).

  • See FOREX III, 2016 WL 5108131, at *4 (sharing of information “is against each bank’s economic self-interest as a competitor absent collusion”).In sum, the Court does not find Plaintiffs’ allegations of a single conspiracy among the Fixing Banks and Non-Fixing Banks to manipulate the Silver Fixing to be plausible.

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