Trading volatility across the precious metal OTC markets continued into this week, as the trade volume lows set last week reverse to reclaim the highs set earlier this month. Although spot trading led the charge, the biggest gains were in options trading, where LBMA Trade Data recorded ▲88% and ▲130% in gold and silver respectively. Heavy derivative trading often speaks to a shift towards more hedging activity and with prices also up from last week, the trade data may be providing early indications of this change in sentiment.