comex inventory · Silver

COMEX Registered Silver Inventory

Warrant-backed silver available for delivery against COMEX futures.

LIVEDaily (business days)·Source: COMEX / CME Group

Current Reading

Latest

99,789,567

30 trading days

+14.2%

Percentile

92th

Observation date

2026-08-05

Neutral context

Inventory expanding

Observed: Latest value: 99.79M oz
Observed: 30 trading days: +14.2%
Observed: Historical percentile (available sample): 92th

Interpretation: Registered inventory expanding — more warranted silver available for delivery. Registered does not mean guaranteed immediate industrial or investment demand. Inventory can move between registered and eligible categories.

Historical Chart

Chart range uses verified stored history. Visualization and analysis: Grey Rabbit Markets. Data: COMEX / CME Group.

What Is It?

Exchange-standard silver stored in approved COMEX warehouses that carries a warrant, making it available for delivery against silver futures under exchange rules.

Why It Matters

Registered silver is the deliverable float backing COMEX silver futures. It should be interpreted alongside eligible inventory and delivery activity.

How to Interpret It

Rising: Registered inventory expanding — more warranted silver available for delivery.
Falling: Registered inventory contracting — deliverable float is smaller than recently.
Elevated: Registered inventory is elevated relative to recent history.
Subdued: Registered inventory is below its recent average.
Registered does not mean guaranteed immediate industrial or investment demand.
Inventory can move between registered and eligible categories.
Falling registered inventory alone does not prove default or shortage.
Interpret alongside eligible inventory, open interest, and delivery notices.

Limitations

Does not measure global mine supply or aboveground stocks outside COMEX warehouses.
Does not prove delivery default risk by itself.
Warrant status can change without a change in total warehouse metal.

SLV Holdings

Silver held by the iShares Silver Trust (SLV).

Source and Methodology

Visualization and analysis: Grey Rabbit Markets
Data: COMEX / CME Group
Update frequency: Daily (business days)
Unit: oz
Verification: verified
Source link: Official provider

Source series: CME Group Silver Stocks registered category.
Unit: troy ounces.

New to this metric?

Registered vs Eligible

Registered metal carries a warrant for futures delivery. Eligible metal meets exchange standards but is not currently warranted. Metal can move between the two categories.

Open Interest

Open interest counts outstanding futures contracts. It reflects paper exposure, not physical holdings, and is not inherently bullish or bearish.

Gold ETF Holdings

Holdings measure metal backing ETF shares. Monthly flows measure net changes in those holdings — they are related but not interchangeable.

Central Bank Gold Demand

Official-sector purchases provide sovereign demand context. Reported figures may lag and can be revised.

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