Silver price administration & governance

LBMA Silver Price Benchmark

Effective 3rd of October 2017, Thomson Reuters will be no longer the administrator of LBMA Silver Price Benchmark.

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An employee holds silver granular pieces at the PT Antam Tbk. precious metal refinery in Jakarta January 15, 2009.

Administrator Statement – 21 July 2017

As announced in March 2017, CME Group and Thomson Reuters have decided to step down from their respective roles in relation to the LBMA Silver Price auction.  On 14 July 2017 the London Bullion Market Association (LBMA) announced that ICE Benchmark Administration (IBA) has been chosen as the new administrator for the LBMA Silver Price.  Effective 3rd of October, IBA took responsibility for the LBMA Silver Price.  

During the transitional period, CME Group and Thomson Reuters continued to operate and administer the LBMA Silver Price and the auction until IBA took responsibility.