[djf]

I’m not sure I know who/what/where is the mechanism whereby they decide what to publish as the “spot price”.

We will probably end up seeing it as some kind of weighted average from major dealers/sellers.

Ask/Bid type averaging. But no matter what gets accepted as “official”, it would have to be based on true metal exchange, not futures or paper contracts.

[cowtowney]

here is one source:

http://www.kitco.com/market/

Spot is like any other commodity. There is a market. Several sites link to it. Some are delayed a few minutes.

[Errant]

it would have to be based on true metal exchange

Agree