The London Silver Fixing is a process that determines the price of silver in the global market. It involves a group of banks that meet twice a day to discuss and set a fixed price for silver. This price is based on supply and demand, and it helps traders and investors make informed decisions. Established in 1897, the London Silver Fixing was historically important for the silver market. It provided a benchmark price that was widely used in trading and investment. In 2014, the process was replaced by a more transparent electronic auction system, enhancing market integrity and accessibility.