đš COMEX Loses Another 4.5 Million Ounces of Silver $XAG
Major silver withdrawals continue from the COMEX, adding fresh attention to tightening physical supply dynamics. $GUN
đ Latest Reported Movements: $GPS
đ„ 458,859 oz withdrawn from Asahi Refining
đ„ 1,052,288 oz withdrawn from Brinks
đ„ 673,726 oz withdrawn from CNT
đ„ 739,342 oz adjusted OUT of CNT Registered
đ„ 1,947,446 oz withdrawn from JPMorgan Chase
âŹïž 324,212 oz withdrawn from Loomis
---
đ Updated Totals:
âą Total Registered Silver:
âŹïž Down 745,097 oz to 92,154,869 oz
âą Total COMEX Silver:
âŹïž Down 4,461,498 oz to 371,973,490 oz
---
đŠ Why It Matters
âRegisteredâ silver represents inventory available for delivery against futures contracts. Persistent withdrawals can signal:
âą Increased demand for physical delivery
âą Shifts from exchange storage to private custody
âą Tightening liquidity in deliverable supply
While inventory levels remain substantial overall, ongoing outflows are being closely watched by metals investors looking for signs of structural stress in the paper vs. physical silver market.
Volatility in precious metals often rises when registered inventories trend lower.
Market participants will be monitoring whether this is routine vault movement â or the beginning of a larger supply shift.