CME Group has confirmed its interest in filling the void left by the demise of the London silver fix.

"While the London market is looking at a new way to set the daily spot price of silver, we are working closely with the precious metals industry and the London Bullion Market Association to reduce market disruption by helping to find a robust transaction-based way to set the daily spot price so the markets can continue to work efficiently and seamlessly," said Harriet Hunnable, managing director of metals at CME Group.