COMEX Squeeze Tracker
Physical Delivery Intelligence
Silver For Sale Inventory
88.42M oz@ $93.29/oz
⏳ At 30-day velocity: 34 days to zero
Vault Traffic
🔻 -306K oz
OUTFLOW
Bank Accumulation Alert
The House stopped 225 contracts on Fri, Feb 27 — registered gains at Loomis, Asahi
Daily Change
(+2.7%)
Weekly Change
(-0.41%)
Registered Δ
+2.29M oz
+964.5K oz at Loomis
Private Storage
271.91M oz
-964,465.51 oz at Loomis
Buyers Taking Delivery
8,666 contracts
258 house · 408 customer
Feb 27, 2026 Flow Breakdown
Warehouse Flows
Inventory Changes
Who's Betting on Silver?
Every week, the CFTC reveals how big players are positioned in futures markets
Hedge funds are betting silver will rise
They added 2,555 more long contracts since the last report, increasing their bullish position.
Net contracts over time (positive = bullish bets, negative = bearish bets)
- Commercials
- Hedge Funds
Depository Watch
12 COMEX-approved silver vaults
Silver saw
Physically Added
Physically Left
| Vault | Registered | Eligible |
|---|---|---|
| JPM | 12.00M oz | 141.84M oz(-648K oz) |
| Brink's | 14.59M oz(+111K oz) | 40.53M oz(-111K oz) |
| Loomis | 7.81M oz(+964K oz) | 22.55M oz(-964K oz) |
| Asahi | 24.12M oz(+824K oz) | 1.70M oz |
| CNT | 12.17M oz | 13.38M oz(-485K oz) |
| HSBC | 3.39M oz | 17.76M oz |
| MTB | 5.87M oz | 11.79M oz(-193K oz) |
| Delaware | 1.62M oz(+86K oz) | 15.69M oz(-70K oz) |
| StoneX | 5.64M oz(+308K oz) | 2.42M oz |
| IDS | 273.8K oz | 3.30M oz |
| Malca-Amit | 949.6K oz | 945.2K oz(-129K oz) |
| Malca-Amit Armored | 0 oz | 0 oz |
| Total | 88.42M oz(+2.29M oz) | 271.91M oz(-2.60M oz) |
Silver Inventory (7 Weeks)
Registered (deliverable) overlaid on total inventory — track the drain from zero
- Registered
- Total (Reg + Eligible)
Daily Delivery Ledger
Recent delivery activity showing who is taking physical metal
| Date | Issues | Stops | House Stops | Customer Stops | Qty Stopped | Approx Value |
|---|---|---|---|---|---|---|
| Feb 27 | 306 | 306 | 225(Bank) | 81 | 1.53M oz | $142.7M |
| Feb 26 | 4,584 | 4,584 | — | — | 22.92M oz | $2.1B |
| Feb 25 | 1 | 1 | — | 1 | 5.0K oz | $466K |
| Feb 24 | 229 | 229 | 6(Bank) | 223 | 1.15M oz | $106.8M |
| Feb 23 | 36 | 36 | 3(Bank) | 33 | 180.0K oz | $16.8M |
| Feb 19 | 50 | 50 | 7(Bank) | 43 | 250.0K oz | $23.3M |
| Feb 18 | 15 | 15 | 5(Bank) | 10 | 75.0K oz | $7.0M |
| Feb 17 | 29 | 29 | 12(Bank) | 17 | 145.0K oz | $13.5M |
| Feb 11 | 3 | 3 | — | — | 15.0K oz | $1.4M |
| Feb 10 | 204 | 204 | — | — | 1.02M oz | $95.2M |
| Feb 9 | 429 | 429 | — | — | 2.15M oz | $200.1M |
| Feb 6 | 634 | 634 | — | — | 3.17M oz | $295.7M |
| Feb 5 | 181 | 181 | — | — | 905.0K oz | $84.4M |
| Feb 4 | 608 | 608 | — | — | 3.04M oz | $283.6M |
Frequently Asked Questions
Report Archive
Browse historical COMEX warehouse & delivery reports
Registered Δ
-15,593,807.573 oz
(-15.0%)
Net Flow
-45,554,236.608 oz
Total Received
+3.65M oz
Total Withdrawn
-49.20M oz
Total Stops
8,077
33 house
Verified CME Group Sources
We built an automated pipeline that monitors CME Group's official reports every 30 minutes. When CME publishes new data (usually after 6 PM ET), our system detects the change via content-hashing and pulls the updated numbers within minutes. Every version gets archived so we can track historical changes. No manual data entry, no third-party feeds — straight from the source.
⚠ CME overwrites these static URLs daily; our system captures the unique state of each file as it's published.
ⓘ Inventory data typically updates after 6:00 PM ET on trading days.
Metals Commentary
We break down COMEX data and precious metals market moves every week. Here's our latest analysis — the context that raw numbers don't show.
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Silver Price Prediction 2026: The Global Currency Reset | Clive Thompson
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Why Silver & Gold are "Giffen Goods": The 2026 Price Chase
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Why Silver is Exploding in 2026: The EV & Solar Shock
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Why We Built This Tracker
By Austin & Matt — tracking COMEX warehouse data since 2022
We started tracking COMEX deliveries because the mainstream financial media rarely covers what's actually happening in physical metal markets. COMEX is where futures contracts for gold, silver, copper, and other metals are traded — but here's what most people miss: while most contracts settle in cash, some buyers demand actual physical metal.
Why We Watch Deliveries
In our years covering these markets on the podcast, we've learned that delivery data tells a story paper trading doesn't. When buyers "stop" contracts for delivery, they're saying "I want the real thing." High delivery demand relative to warehouse inventory often precedes price moves that catch paper traders off guard.
Our "Squeeze" Framework
After analyzing hundreds of delivery reports, we look for three signals together: declining registered inventory + elevated stops + banks (house accounts) taking delivery. When we see this pattern, it often means the smart money is quietly accumulating physical metal ahead of something.
Sources: Data pulled directly from CME Group official warehouse reports. We verify every data point against the source files linked above. Questions? Hit us up on Twitter/X or catch our weekly metals breakdown on the YouTube channel.
This is commentary based on publicly available data, not financial advice. We're just two guys who think physical delivery data matters more than Wall Street wants you to know.