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Shanghai Vault Outflows 2025

The large outflows from Shanghai vaults and rapid net movements affecting COMEX inventories since September 2025.

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Jan 24, 2026
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What evidence exists for large physical silver movements out of COMEX vaults since September 2025?

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...