Clearing Statistics - Most Recent Figures
Tuesday, October 31, 2017
September 2017 - Major Rise in Cleared Gold and Silver Volumes
Highest September average Gold Volumes since 2012 and Silver since 1998
The average price of gold in September was $1,315/oz, a month on month increase of 2.5%. There was a major rise in activity in September, with the average volume of ounces transferred up to 22.1 million, a month on month increase of 19.3%. This is the highest monthly September average for five years with activity for the first three quarters of 2017 up significantly compared with the corresponding period in recent years (see table). The value of gold ounces transferred increased by 22.3% to $29 billion. The number of transfers in September was 3,285, with the clearers settling on average 6,717 ounces per transfer, 8.1% higher than the corresponding figure for August.
The average price of silver in September increased by 3.2% to $17.45/oz. Like gold, activity was buoyant, with the volume of ounces transferred 18.5% higher at 225.4 million ounces. This was the highest September average since 1998 with the average for the first three quarters of 2017 also showing a major increase compared with activity in the corresponding period in recent years (see table). The value of silver ounces transferred increased by 18.5% to $3.93 billion. The number of transfers in September was 857, with the clearers settling on average 262,922 ounces per transfer, 32% higher than the corresponding figure for August.
The average gold / silver price ratio in September was 75.4, down from 75.8 in August.