Is there a shortage of physical silver?
Multiple industry reports and news outlets describe a persistent structural deficit in the silver market since 2021, with cumulative shortfalls approaching roughly 800 million ounces and 2025 deficits...
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Futures company and one of the largest options and futures exchanges, located in Chicago, Illinois, United States
Multiple industry reports and news outlets describe a persistent structural deficit in the silver market since 2021, with cumulative shortfalls approaching roughly 800 million ounces and 2025 deficits...
A true physical silver shortage is signalled when multiple market layers—futures distortions (backwardation), spiking lease rates, collapsing inventories across major hubs, and sustained regional prem...
-deliveries-2025"> delivery notices and warehouse reports for silver from September through December 2025 show a pattern of active physical flows concentrated in contract months (notably September and...
reflects a confluence of immediate market-structure shocks and a rapid shift in macro expectations: a sudden rise in futures margin requirements forced leveraged traders to cut positions, while would ...
Since September 2025 there is multiple, corroborating reporting of large registered outflows and delivery claims on —most dramatically a claim that over 47.6 million ounces were requested for delivery...
Chicago remains a major corporate hub with dozens of large, recognizable companies keeping their headquarters in the city — from quick‑service titan McDonald’s to global exchanges like CME Group and c...
differentiates between "registered" (warranted, deliverable) and "eligible" (vaulted but not committed for delivery) silver; recent reporting places total COMEX stocks in the low hundreds of millions ...
margin hikes and rule changes have repeatedly been used as emergency brakes to blunt delivery pressure, forcing leveraged positions to unwind and often converting potential physical deliveries into ca...
Since 2024 regulators have published a mix of historical enforcement records, recent penalty resolutions for compliance and surveillance failures, and market-data reports — but none of the official re...
Bitcoin’s network began with the Genesis block mined on January 3, 2009 — the conventional “launch” date cited in multiple timelines . Since then its dollar price moved from effectively $0 in 2009 to ...
and warehouse reports show two distinct 2025 phases: a massive inbound wave in Q1 that multiple analysts attribute to (metal moved from to to capture the spread) and a subsequent period from April onw...
—-driven export controls and large regional premiums—shrink available metal for delivery, force holders to source scarce bullion, and thereby push leasing rates, borrowing costs and regulatory margin ...
treats sales of precious metals as in a form and quantity that correspond to a -approved regulated futures contract (RFC); sales of forms or quantities that are not covered by an RFC are not reportabl...
Clear, contemporaneous reporting documents repeated episodes of sharply higher silver lease rates and falling visible inventories across London and Shanghai in 2024–2025: London’s short-term borrowing...
A cooling-system failure at CyrusOne’s CHI1 data center outside Chicago halted CME Group’s futures and options markets on Nov. 27–28, 2025, temporarily suspending trading in key contracts and forcing ...
A definitive public list tying specific publicly traded companies to ‑approved silver refineries cannot be produced from the provided reporting alone; the CME/COMEX maintains an eligible “brand” and s...
publishes daily warehouse and delivery data that distinguish "registered" (deliverable) silver from "eligible" stocks and provides historical registrar reports and spreadsheets for verification . The ...
The publicly available record on is patchwork: exchange and vault inventories, industry aggregates, lease‑rate movements and research are reported openly, but granular bank‑by‑bank physical inventorie...
The U.S. Federal Reserve cut its policy rate by 25 basis points in December 2025, the third cut of the year, prompting a sharp stock-market rally and expectations of further easing into 2026 . Markets...
On FOMC announcement days, markets react quickly: U.S. Treasury yields and short-term interest-rate futures move as traders update Fed path expectations, equities often swing on the news, and FX marke...