The London Bullion Market Association said Friday it has received more than 250 responses so far as part of its “market consultation” process on developing a new mechanism for the London silver fixing, and it will continue an online survey until May 30.

The London Silver Market Fixing Limited said earlier this month that it will stop administering the London silver fixing after Aug. 14. Until then, the organization said, Deutsche Bank, HSBC and Bank of Nova Scotia will continue to administer the benchmark price-setting mechanism.