Your fact-checks will appear here
French offshore diving contractor
Public reporting in early 2026 points to a mix of confirmed and alleged bullion‑bank short positions in : mainstream pieces and market data identify large bank exposure on and OTC markets (including ,...
COMEX “Issues and Stops” delivery reports are a primary, line‑level window into who is standing for physical silver, who is delivering it, and how much metal is assigned as deliverable versus held as ...
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...
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...
Registered silver is inventory that has been warrant-tagged and is immediately deliverable against COMEX futures contracts, while eligible silver meets exchange quality standards but lacks that warran...
Public reporting points to substantial physical silver flows out of vaults and into Western markets during late‑2025, evidenced by large / withdrawal tallies and wide – basis spreads, but direct, inde...
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...
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 ...
Publicly traded companies that refine silver are mostly large integrated miners that operate smelters or minting facilities rather than standalone, exchange-listed refiners; notable examples include I...
Lease‑rate series are a sensitive, high‑frequency gauge of market “tightness” — they spike when deliverable, exchange‑grade metal is scarce for short‑term loans — but they do not, on their own, distin...
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...
The most recent available data in the reporting set shows the benchmark at USD 116.48 per troy ounce, as reported for January 28, 2026 . Regional and venue quotes can be higher or lower in local curre...
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...
Short-term moves in copper-mining equities are driven almost entirely by near-term copper price swings, news-driven supply shocks, and company-level operational updates, not by multi-year fundamentals...
Global reporting from industry groups, banks and market commentators indicates that since 2021 —annual demand has exceeded mine production and recycling in multiple recent years—driving inventory draw...
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...