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Clearing and Vault Statistics - Most Recent Figures

Thursday, August 01, 2019

 

Clearing Statistics (Daily Averages) - JUNE 2019
Gold

The volume of ounces transferred in June increased by 30.4% month on month (m/m) to 24.2 million ounces, its highest volume for 18 months. The corresponding value increased by 38% to $32.9 billion. There were 3,997 transfers in June, 34.8% higher m/m, with the clearers settling on average 6,065 ounces per transfer, 3.3% lower m/m.

Silver

The volume of ounces transferred in June increased by 37.6% to 291.4 million ounces, with the corresponding value 37.6% higher at $4.37 billion. There were 1,329 transfers in June, up 35.9% from the previous month, with the clearers settling on average 219,262 ounces per transfer, 1.3% higher m/m.

The gold / silver price ratio averaged 90.66 in June, the highest ratio for 26 years.

The data is published one month in arrears.

London Precious Metals Vault Holdings - APRIL 2019

As at end April 2019, there were 7,650 tonnes of gold, valued at $315.4 billion and 36,067 tonnes of silver valued at $17.4 billion. This equates to approximately 612,025 gold bars and 1,202,222 silver bars.

The data represents the holdings of seven custodians offering vaulting services (all of which are LBMA members) and the Bank of England. The seven custodians comprise four security carriers (Brinks, G4S Cash Solutions (UK), Malca-Amit and Loomis International Ltd) and three clearing banks (HSBC, ICBC Standard Bank and JP Morgan). Also included are the gold holdings held at the Bank of England (not an LBMA member) which offers gold (but not silver) custodial services to central banks and certain commercial firms that facilitate central bank access to the liquidity of the London gold market. Those clearing members without their own vault operations - Scotiabank and UBS - utilise their accounts with one of the LBMA custodians or the Bank of England and therefore do not contribute to the statistics to avoid double accounting.

The historical monthly data series from July 2016, as well as other information on the London physical vault holdings can be found here on LBMA’s website.

The vault data is published monthly, three months in arrears.

Both the vault data and the clearing statistics are published on the first day of each month (in the event that the first day of the month is a UK Bank Holiday or falls on a weekend, the data will be published on the first business day of the month).

A full copy of the Press Release can be found here.

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