LBMA Media Centre

This is a dedicated area of the LBMA website devoted to keeping you up to date with the latest news updates, as well as past and present Press Releases, Publications and Speeches.

Latest News

Find out what the LBMA and its committees are currently doing.

Read More


LBMA webinars with all the latest market developments.

Read More


LBMA publications past and present including articles from the Alchemist.

Read More

Media Library

LBMA’s Media Library, view all our content here.

Read More

Silver Trading Volume Exceeds 1 Billion oz on 1 February

Tuesday, February 02, 2021

Some 1.006bn oz ounces of silver were traded in the London OTC market on Monday 1, February. This is just shy of the highest turnover (a) recorded in LBMA Trade Data statistics (first published in November 2018).

The high volume marked the culmination of a week of exceptional, but not extreme trading as the LBMA London Silver Price rose 15.41%, including a gain of 7.92% from 29 January, to reach $29.585 per oz in the London auction on Monday 1 February, the highest price since 2013(b).
In the five trading days to 1 February, average daily silver volume was 662.36m oz, double the 12-week average of 325.35m oz to end December 2020. Throughout this period, the market continued to demonstrate liquidity and durability, and no issues arose impacting either trading, settlement, or the efficiency of the daily price auction.

The London vault holdings of silver (to end-December 2020), stand at 33,608 tonnes.

(a) The record volume was 1.015 bn oz on 4 June 2019.
(b) The record London price recorded for silver was $49.45 in January 1980.

For further information, please contact Aelred Connelly, PR Officer at