Data February 02, 2026LBMA Net Clearing Data (Daily Averages): December 2025Our clearing data represents the net volume of transfers of gold and silver physically held in London – known as Loco London

LBMA Tier 1 2026-02-25 15:53 UTC 📖 1 min read Neutral

Gold Silver

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In December 2025, the volume of gold transferred increased by 6.6% month on month to 16.5mn ounces, with a corresponding value of $70.6bn from 5,770 transfers. For silver, the volume rose by 15.3% to 245.9mn ounces, valued at $15.8bn from 3,525 transfers. The average gold/silver price ratio increased to 84.5.

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Daily Averages Gold Clearing Data - December 2025

The volume of gold transferred in December increased by 6.6% month on month (m/m) to 16.5mn ounces, with the corresponding value transferred up by 12% m/m to $70.6bn. There were 5,770 transfers, 12.3% lower m/m, with the clearers settling on average 2,853 ounces per transfer, 21.6% higher m/m.

Daily Averages Silver Clearing Data - December 2025

For silver, the volume of ounces transferred increased by 15.3% m/m to 245.9mn ounces, with the corresponding value transferred up 46.2% m/m to $15.8bn. The number of transfers increased by 43.4% m/m to 3,525, with the clearers settling on average 69,748ounces per transfer, 19.6% lower m/m.

The average gold/silver price ratio in December increased to 84.5 from 80.5 in November.