Silver Investors' Faith in Benchmark Threatened by Market Misses

  • Silver set more than 1% below spot price for two days in a row
  • `People are going to lose all faith in the fix,' Nabavi says

A daily silver price used as a benchmark by traders, miners and jewelers risks losing credibility with investors after it was set beyond levels traded on the market. One said the system seemed “broken” and another that clients had adopted alternatives.

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