Jeff Sica was a featured guest on The Street. To watch the full story, please click here.
SUMMARY: London Silver Fixing Limited in August will end its function as daily price setter of silver for bulk consumers. Sica Wealth Management chief investment officer Jeffrey Sica tells TheStreet’s Joe Deaux that the end of the so-called silver fix won’t affect retail investors. The banks behind the process are getting out of the business, which would leave large consumers to buy in bulk based on spot prices. Sica says this is probably a good move by the banks, and Sica dives into other so-called dark pools that investors should be aware of. The silver fix ends Aug. 14.
Jeffrey C. Sica is the President and Chief Investment Officer of Sica Wealth Management, LLC (“SWM”), an SEC registered investment adviser that maintains a principal place of business in the State of New Jersey. The information presented herein may not be suitable for all investors, and no portion of this commentary is to be construed as a solicitation to buy or sell a security, or the rendering of personalized investment, tax or legal advice. Past performance does not guarantee future results, as there can be no assurance the views and opinions expressed herein will come to pass. Investing involves risk, including the potential loss of principal. Please consult a financial professional prior to investing.