What are the LBMA clearing statistics?
Published on a monthly basis by the LBMA, the
London
clearing statistics measure how much gold and silver is transferred
on a net basis between the clearing accounts held at the six clearers.
As each transfer may be the result of multiple transactions, the
figures are likely to represent a fraction of actual turnover.
Only the debit side of each transfer is recorded. Daily averages
for three sets of measures are released: the number of ounces transferred,
value (based on the average monthly London pm fixing for gold and
the average monthly London fixing for silver) and the number of
transfers.
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