LBMA has launched its Spotlight on Silver Investment report, which explores the key developments in silver investment over the last 12-18 months. This period saw some remarkable developments in the silver investment market, including a dramatic upturn in investor activity during the first quarter of 2021, LBMA noted.
The report analyses bullion held in London, expanding on recent LBMA vault data which revealed that London vaults held a combined total of 1,249 million oz at end-March 2021 – some 58% of which was allocated against silver exchange-traded products (ETPs). It also investigates retail investment and futures trading – including Commodity Futures Trading Commission (CFTC) positioning and the exchange for physical premium (EFP) market developments. The analysis also looks at the impact of the pandemic on the EFP premiums and the potential for this dynamic to be repeated in the futures market should another widespread lockdown emerge.