Your fact-checks will appear here
Trade association for precious metals
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...
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 ...
silver lease rates are market-derived interest rates representing the annualized cost to borrow physical silver in the over‑the‑counter (OTC) leasing market, compiled from lease/loan transactions and ...
’ SLV is the dominant and is reported by multiple outlets to hold on the order of hundreds of millions of ounces (or roughly 15,000+ metric tons, depending on the reporting unit), while ’s SIVR is sta...
The materials provided track through January 2026—culminating at $111.71 per ounce on January 27, 2026 —but they do not report or define a market “” (also called a lease or borrow rate) in any of the ...
—-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 ...
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...
’s -reported silver vault total stood at about at the end of December 2025, valued at roughly $64.4 billion according to the LBMA’s published vault data . That figure is part of a monthly publication ...
exploded from its usual near‑zero levels to record annualised highs in early October 2025 — with multiple outlets reporting peaks in the high 30% range — before retreating later in the month as liquid...
’s gold stockpile has become substantially more valuable in dollar terms since the February 2022 invasion of , driven principally by a that roughly doubled bullion’s dollar price in the years that fol...
The reporting supplied does not contain verified, line-item annual figures (tonnes) for , , or ; corporate materials in the set discuss refinery roles, projects and aggregate metal throughput but stop...
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...
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...
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...
A sharp spike in silver lease rates in 2025 coincided with acute dislocations between spot and futures prices — spot premiums widened (backwardation) and many retail dealers reported shortages and “ou...
Exchange-traded funds (ETFs) and the vaulting rules that govern their underlying bullion are central mechanisms by which "paper" claims on silver can become effectively removed from the market as usab...
Analyst consensus and mainstream bank forecasts in the sources cluster silver’s likely near-term path in the mid‑$30s to mid‑$50s per ounce, not in three‑ or four‑figure territory; HSBC raised its 202...