Daily Averages Gold Clearing Data - August 2021
The volume of ounces transferred in August bounced back from the slump back in July, with a month on month (m/m) increase in activity of 6% to 16.4 mn ounces, albeit down 26% from the corresponding period last year. The corresponding value for August was $29.2 bn, 4.7% higher m/m. There were 3,725 transfers in August, 8.3% higher m/m, with the clearers settling on average 4,396 ounces per transfer, 2.1% lower m/m.
Daily Averages Silver Clearing Data - August 2021
The volume of ounces transferred in August fell for the third consecutive month, by 3% m/m to 214.4 mn ounces, with the corresponding value transferred falling by 9.6% to $5.15 bn. The number of transfers in August decreased by 1.5% to 1,514, with the clearers settling on average 141,653 ounces per transfer, 1.5% lower m/m.
The average gold / silver price ratio in August leapt to 74.3 from 70.2 recorded in July, but still considerably below its record peak of 111.9 in April 2020.