Kitco pushing silver fix benchmark creation

``Kitco states on its website that its 10 AM New York Silver Fix is a silver price indicator that is set and published at approximately 10:00 am EST on days when the silver market is actively trading. It is determined by a unique Kitco algorithm that calculates the average spot price between bid/offer on the wholesale silver market, as quoted by internationally recognized bullion dealers. No doubt there will be other contenders throwing their hats into the ring over the next few months before the London silver fix is ended on August 14th''