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LBMA Trade Data Weekly Change – 2 Aug 2021

A robust bounce in the OTC precious metals market this week after consecutive weeks of low trading volumes across all four metals. Through this week’s LBMA Trade Data reports we see OTC #gold turnover returning to the +$300 billion mark, #silver recording $48 billion and #platinum and #palladium recording $9 and $10 billion USD respectively. Indicative reports from early week trading suggests we are yet to fully turn the corner. However, with the gold price steadily climbing, we may see a late-summer surge in trading activity.

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