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Clearing Statistics - Most Recent Figures

Thursday, March 30, 2017

LBMA Clearing Statistics for February 2017


The average price of gold in February increased by 3.5% to $1,234/oz. For the second consecutive month activity was subdued, with the average volume of ounces transferred falling by 8.3% to 18.8 million, with the corresponding value transferred down 5.1% to $23.2 billion. The number of transfers fell by 7.6% to 2,838, with the clearers settling on average 6,613 ounces per transfer, broadly unchanged from the previous month.


The average price of silver in February increased by 6.3% to $17.87/oz. As was the case with gold, silver activity in February was subdued, with the volume of ounces transferred down by 17.3% to 171.6 million and the corresponding value of ounces 12.1% lower at $3.07 billion. The number of transfers increased by 4.2% to 1,007, with the clearers settling on average 170,411 ounces per transfer, 21% lower than the previous month.

The average gold / silver price ratio in February was 69 compared to 71 in January.

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