There are several investors who are interested in finding out the silver prices in Australia . They are curious to get information about the various processes that help in finding out the actual price. There are basically two different kinds of methods that are used for determining the actual prices. One of the popularly used methods is known as spot pricing. On the other hand, the second method is well known as the futures market pricing. Both the methods utilise the same kind of criteria. But it is to be noted that the spot pricing is basically used for calculating the value of silver at a current time at a specific place. The future market pricing is responsible for finding out the value later on at a specified time period. The entire process was taken care of by the group of prestigious multinational banks. But this is not the case anymore.
Silver fixing is not practiced now, but the method is still being carried out for finding price of other metals. As of now, the silver prices are not fixed. It means that it is subjected to the analysis of the market that uses other methods of price evaluation. It was till the year 2014 that a small group of trusted banks was involved in the silver price determination on a regular basis. The group comprised of two popular banks, namely the Bank of Nova Scotia and HSBC. There were several other banks that were affiliated with the group. As of now there is no group associated with handling the silver price fixing on a day to day basis. The investors rely upon the silver futures closing prices or silver spot price for determining the value.
Silver fixing is not practiced now, but the method is still being carried out for finding price of other metals. As of now, the silver prices are not fixed. It means that it is subjected to the analysis of the market that uses other methods of price evaluation. It was till the year 2014 that a small group of trusted banks was involved in the silver price determination on a regular basis. The group comprised of two popular banks, namely the Bank of Nova Scotia and HSBC. There were several other banks that were affiliated with the group. As of now there is no group associated with handling the silver price fixing on a day to day basis. The investors rely upon the silver futures closing prices or silver spot price for determining the value.
