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Clearing and Vault Statistics - Most Recent Figures

Wednesday, January 02, 2019

London Precious Metals Vault Holdings - OCTOBER 2018

As at end October 2018, there were 7,411 tonnes of gold, valued at $289.5 billion and 35,124 tonnes of silver valued (as at end October 2018) at $16.2 billion. This equates to approximately 592,846 gold bars and 1,170,805 silver bars.

The data includes the physical holdings of eight vaults. Three are clearing members of LPMCL (HSBC, ICBC Standard Bank and JP Morgan), four are security carriers (Brinks, G4S Cash Solutions (UK), Malca-Amit and Loomis International Ltd) and the Bank of England. It should be noted that the Bank holds gold in its vaults but not silver.

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 data is 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) three months in arrears.

Clearing Statistics (Daily Averages) - DECEMBER 2018
Gold

The volume of ounces transferred in December increased sharply by 28% month on month (m/m) to 23.5 million ounces, the highest in 2018, with the value transferred up to $29.4 billion. There were 3,318 transfers in December, 18.1% higher m/m, with the clearers settling on average 7,092 ounces per transfer, up 8.3% m/m.

Silver

The volume of ounces transferred in December was also up significantly, posting an 18.9% increase to 261.8 million ounces, with the value transferred up 21.6% to $3.85 billion. There were 1,082 transfers in December, 9.9% higher m/m, with the clearers settling on average 241,823 ounces per transfer, 8.2% higher m/m.

The average gold / silver price ratio in December dipped marginally on November’s record high (85) to 84.9.

The data is published, one month in arrears, 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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