Reuters reports that Deutsche Bank has postponed to August 14 its decision to drop out of the London Silver Market Fixing. In January Deutsche reported that as part of its retreat from much of the commodity business, it was going to sell its' memberships in the gold and silver fixes, run by five and three banks, respectively. They have not been able to sell either so far and announced that they will drop out of the processes on August 14. The London Silver Market Fixing Ltd. said that the fix will cease at that date. The possibility of another firm taking over the fix with replacement bank(s) remains a possibility, although this might be a difficult time to attract anyone to establish benchmark prices. The CFTC ended an investigation into the silver fix in 2013 without finding any wrongdoing.
Many lawsuits regarding the gold fix are currently in the process of being consolidated by the courts. There do not appear to be any lawsuits regarding the silver benchmark.
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