[Errant]

I think eventually, COMEX silver pricing will become meaningless. When that happens, the price of silver will skyrocket until physical markets take control and reestablish some kind of relative value.

[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.