The New Zealand Silver Coin Calculator uses the London Fix (PM) of silver as the default "spot" price. The Performance Chart also relies on the silver London fix averages. What is the London Fix?
London Fixings are internationally published benchmarks for precious metals. Many financial instruments are priced off the fixing, including cash-settled swaps and options. The silver fixing started in 1897. The three members of the Silver Fixings are The Bank of Nova ScotiaMocatta, Deutsche Bank AG, and HSBC Bank USA.
The attractive nature of silver is self evident. It’s been used for thousands of years for many, many things. Interestingly, silver has some traits that standout above all other metals. Did you know silver has?
- The whitest color
- The highest optical reflectivity
- The highest thermal conductivity
- The highest electrical conductivity
Generally speaking, the majority of today's mining operations that produce silver are after much more. Silver occurs with other base metals, like gold, copper, zinc and lead. It's these metals that are typically the thrust of many mines. Silver is just another benefit or byproduct of them.
Obviously, as price adjustments happen with silver the focus or priority of mining it can shift. However, that shifting isn't as much as one would think. Because silver has properties that make it extremely useful in electronics and photography, a significant portion of its demand is driven by needs rather than price.
Silver Resources and References
- Silver Coins Today
- 24-hour Spot Silver by Kitco
- Silver Downunder
- Wikipedia- Silver
- Silver, the element
- The Silver Institute
- Silver - History for Kids!
- London Market Statistics