The volume of gold and silver for Loco London in London vaults, which provides the property of preserving these metals, has witnessed remarkable variation and a severe shortage as well, especially for silver stocks.
During the past two weeks, amount of gold in London treasuries amounted to more than 9,600 tons, an increase of 0.03% over last month, as its price reached more than $542 billion, or approximately 770,000 gold bars.
This percentage is the lowest compared to the various trade treasuries since the release of statistics more than 6 years ago.
As for silver, it has been known that there are less than 30,000 tons, with a value of $19 billion, which is equivalent to 985,000 silver ingots. But the problem is that a year ago silver stocks exceeded 36,000 tons.
This shows how London can support the actual OTC market.
It seems London prefers silver at times much more compared to gold
Yes