London Metal Exchange (LME) plans to initiate gold and silver trading contracts on its trading platform in 2016, reports say. The LME noted that it is considering beginning trading in the precious metals for the first time, and introduce new way to attract more traders, reports add. It noted it has the support of its strong clearing house and technology towards the new contracts and is in talks with the London Bullion market for a 2016 launch, reports add.