Clearing Statistics - Most Recent Figures
Tuesday, January 31, 2017
LBMA Clearing Statistics for December 2016
The price of gold fell by 6.8% in December to an average for the month of $1,151/oz, its fourth consecutive monthly fall. Activity was buoyant with the average volume of ounces transferred up 8.8% to 24.2 million, its highest level since June 2013. The corresponding value transferred was up marginally by 1.4% to $27.9 billion, its highest value since August 2013. The number of transfers fell by 18.6% to 3,072, with the clearers settling on average 7,880 ounces per transfer, the highest ratio for 12 months.
The average price of silver fell by 6% in December to $16.38/oz, its fifth consecutive monthly fall. As was the case for gold, silver activity was buoyant, with the volume of ounces transferred up significantly by 38.4% to 218.1 million, its highest level since May 2011. The corresponding value of ounces transferred increased by 30.2% to $3.57 billion, its highest value recorded since February 2014. The number of transfers increased by 31.2% to 1,027, with the clearers settling on average 212,297 ounces per transfer, 5.5% higher than the previous month.
The average gold / silver price ratio in December was 70.3, marginally down on the ratio of 71 recorded in November.