Search for new silver fix takes surprise turn

The search for a new silver fix took a surprise turn late Tuesday, as a revised proposal was received from two of the bidders.

The search for a new silver fix took a surprise turn late Tuesday, as a revised proposal was received from two of the bidders.

The London Metal Exchange and Autilla, an electronic trading and pricing platform, said they would put forward a joint proposal to provide a new London silver fix after the existing system ceases on Aug. 14.

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