COMEX Squeeze Tracker
Physical Delivery Intelligence
Silver For Sale Inventory
92.90M oz@ $73.61/oz
⏳ At 18-day velocity: 30 days to zero
Vault Traffic
🔻 -2.80M oz
OUTFLOW
Daily Change
(-0.14%)
Weekly Change
(-10.7%)
Registered Δ
-130,216.912 oz
Private Storage
283.54M oz
Buyers Taking Delivery
4,731 contracts
23.66M oz stopped out
Feb 12, 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 expect silver to rise, but reduced bets
They closed 414 long contracts since the last report, taking some profit.
Net contracts over time (positive = bullish bets, negative = bearish bets)
- Commercials
- Hedge Funds
Depository Watch
12 COMEX-approved silver vaults
On Feb 12, 2026, COMEX silver saw a net outflow of 2.80M oz, with 130K oz moving out of registered and 2.67M oz out of eligible. 12 warehouses had changes.
Physically Added
Physically Left
| Vault | Registered | Eligible |
|---|---|---|
| JPM | 12.04M oz | 147.71M oz(-2.44M oz) |
| Brink's | 16.12M oz | 40.64M oz |
| Loomis | 7.37M oz | 23.30M oz |
| CNT | 12.97M oz | 14.96M oz(-345K oz) |
| Asahi | 23.95M oz | 2.56M oz |
| HSBC | 3.47M oz | 21.15M oz |
| MTBDrain | 6.37M oz(-130K oz) | 12.30M oz(+130K oz) |
| Delaware | 1.55M oz | 16.25M oz(-12K oz) |
| StoneX | 7.55M oz | 233.2K oz |
| IDS | 273.8K oz | 3.64M oz |
| Malca-Amit | 1.23M oz | 798.0K oz |
| Malca-Amit Armored | 0 oz | 0 oz |
| Total | 92.90M oz(-130K oz) | 283.54M oz(-2.67M oz) |
Silver Inventory (5 Weeks)
Registered (deliverable) vs Eligible (stored) inventory in millions of troy oz
- Eligible
- Registered
Daily Delivery Ledger
Recent delivery activity showing who is taking physical metal
| Date | Issues | Stops | House Stops | Customer Stops | Qty Stopped | Approx Value |
|---|---|---|---|---|---|---|
| Feb 11 | 3 | 3 | — | — | 15.0K oz | $1.1M |
| Feb 10 | 204 | 204 | — | — | 1.02M oz | $75.1M |
| Feb 9 | 429 | 429 | — | — | 2.15M oz | $157.9M |
| Feb 6 | 634 | 634 | — | — | 3.17M oz | $233.3M |
| Feb 5 | 181 | 181 | — | — | 905.0K oz | $66.6M |
| Feb 4 | 608 | 608 | — | — | 3.04M oz | $223.8M |
| Feb 3 | 190 | 190 | — | — | 950.0K oz | $69.9M |
| Feb 2 | 251 | 251 | — | — | 1.25M oz | $92.4M |
| Jan 30 | 633 | 633 | — | — | 3.17M oz | $233.0M |
| Jan 29 | 13 | 283 | — | — | 1.42M oz | $104.2M |
| Jan 28 | 246 | 246 | — | — | 1.23M oz | $90.5M |
| Jan 27 | 79 | 79 | — | — | 395.0K oz | $29.1M |
| Jan 26 | 348 | 348 | — | — | 1.74M oz | $128.1M |
| Jan 23 | 355 | 355 | — | — | 1.77M oz | $130.6M |
Frequently Asked Questions
Report Archive
Browse historical COMEX warehouse reports
Registered Δ
-23,126,464 oz
(-19.9%)
Net Flow
-50,041,482.062 oz
Total Received
+5.00M oz
Total Withdrawn
-55.04M oz
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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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.