Prices and Data

LBMA Silver Price

The LBMA Silver Price is administered independently by ICE Benchmark Administration (IBA).

IBA independently administers the price and provides the auction platform on which the LBMA Silver Price is calculated, while LBMA own the intellectual property rights. The platform is electronic, tradeable, auditable and in line with the IOSCO Principles for Financial Benchmarks. Any party using the LBMA Silver Price for valuation and pricing activities and in transactions and financial products requires a usage licence with IBA. Please contact for details on how to obtain the requisite licence.

IBA ensures appropriate governance over the IBA Precious Metals Auctions and the LBMA Silver Price benchmark, as well as ensuring standards of conduct are met. All participants are required to adhere to a Code of Conduct, and IBA’s Precious Metals Oversight Committee – which has broad representation from the Gold and Silver markets – oversees the definition and methodology of LBMA Precious Metals Prices. For more details on the auction process, oversight and licensing see IBA's website.

There are thirteen direct participants who have been on-boarded to contribute to the LBMA Silver Price.

  • Citibank N.A. London Branch
  • Coin 'N Things Inc
  • DRW Investments, LLC
  • Goldmans Sachs International plc
  • HSBC Bank USA NA
  • StoneX Financial Ltd
  • Jane Street Global Trading LLC
  • JP Morgan Chase Bank N.A London Branch
  • Koch Supply and Trading LP
  • Marex
  • Morgan Stanley
  • Standard Chartered Bank
  • The Toronto Dominion Bank