COMEX Squeeze Tracker
Physical Delivery Intelligence
Silver For Sale Inventory
88.19M oz@ $82.79/oz
⏳ At 30-day velocity: 29 days to zero
Vault Traffic
🔻 -1.39M oz
OUTFLOW
Bank Accumulation Alert
The House stopped 7 contracts on Wed, Feb 18 — registered gains at Brink's
Daily Change
(-0.68%)
Weekly Change
(-13.8%)
Registered Δ
-600,662.79 oz
-540,734.24 oz at Loomis
Private Storage
279.24M oz
-640,576.06 oz at HSBC
Buyers Taking Delivery
4,825 contracts
24 house · 70 customer
Feb 18, 2026 Flow Breakdown
Warehouse Flows
Inventory Changes
Who's Betting on Silver?
Every week, the CFTC reveals how big players are positioned in futures markets
Hedge funds expect silver to rise, but reduced bets
They closed 414 long contracts since the last report, taking some profit.
Net contracts over time (positive = bullish bets, negative = bearish bets)
- Commercials
- Hedge Funds
Depository Watch
12 COMEX-approved silver vaults
Net physical outflows
Physically Added
Physically Left
| Vault | Registered | Eligible |
|---|---|---|
| JPM | 12.00M oz | 143.85M oz |
| Brink's | 15.78M oz(+5K oz) | 39.34M oz(-596K oz) |
| LoomisDrain | 6.31M oz(-541K oz) | 24.03M oz(+541K oz) |
| CNT | 12.17M oz | 14.02M oz(-156K oz) |
| Asahi | 23.30M oz(-65K oz) | 2.75M oz(+65K oz) |
| HSBC | 3.41M oz | 20.26M oz(-641K oz) |
| MTB | 6.22M oz | 12.45M oz |
| Delaware | 1.53M oz | 16.28M oz(+7K oz) |
| StoneX | 6.23M oz | 1.54M oz(-5K oz) |
| IDS | 273.8K oz | 3.64M oz |
| Malca-Amit | 949.6K oz | 1.07M oz |
| Malca-Amit Armored | 0 oz | 0 oz |
| Total | 88.19M oz(-601K oz) | 279.24M oz(-784K oz) |
Silver Inventory (6 Weeks)
Registered (deliverable) overlaid on total inventory — track the drain from zero
- Registered
- Total (Reg + Eligible)
Daily Delivery Ledger
Recent delivery activity showing who is taking physical metal
| Date | Issues | Stops | House Stops | Customer Stops | Qty Stopped | Approx Value |
|---|---|---|---|---|---|---|
| Feb 19 | 50 | 50 | 7(Bank) | 43 | 250.0K oz | $20.7M |
| Feb 18 | 15 | 15 | 5(Bank) | 10 | 75.0K oz | $6.2M |
| Feb 17 | 29 | 29 | 12(Bank) | 17 | 145.0K oz | $12.0M |
| Feb 11 | 3 | 3 | — | — | 15.0K oz | $1.2M |
| Feb 10 | 204 | 204 | — | — | 1.02M oz | $84.4M |
| Feb 9 | 429 | 429 | — | — | 2.15M oz | $177.6M |
| Feb 6 | 634 | 634 | — | — | 3.17M oz | $262.4M |
| Feb 5 | 181 | 181 | — | — | 905.0K oz | $74.9M |
| Feb 4 | 608 | 608 | — | — | 3.04M oz | $251.7M |
| Feb 3 | 190 | 190 | — | — | 950.0K oz | $78.6M |
| Feb 2 | 251 | 251 | — | — | 1.25M oz | $103.9M |
| Jan 30 | 633 | 633 | — | — | 3.17M oz | $262.0M |
| Jan 29 | 13 | 283 | — | — | 1.42M oz | $117.1M |
| Jan 28 | 246 | 246 | — | — | 1.23M oz | $101.8M |
Frequently Asked Questions
Report Archive
Browse historical COMEX warehouse & delivery reports
Registered Δ
-26,071,715.736 oz
(-22.8%)
Net Flow
-54,887,002.15 oz
Total Received
+3.66M oz
Total Withdrawn
-58.54M oz
Total Stops
4,753
17 house
Verified CME Group Sources
We built an automated pipeline that monitors CME Group's official reports every 30 minutes. When CME publishes new data (usually after 6 PM ET), our system detects the change via content-hashing and pulls the updated numbers within minutes. Every version gets archived so we can track historical changes. No manual data entry, no third-party feeds — straight from the source.
⚠ CME overwrites these static URLs daily; our system captures the unique state of each file as it's published.
ⓘ Inventory data typically updates after 6:00 PM ET on trading days.
Metals Commentary
We break down COMEX data and precious metals market moves every week. Here's our latest analysis — the context that raw numbers don't show.
The Math is Broken: Why Silver is Draining the COMEX 2026
213 views
Silver Shortage 2026: The Truth About COMEX Default Risks
219 views
Silver Price Prediction 2026: The Global Currency Reset | Clive Thompson
442 views
Why Silver & Gold are "Giffen Goods": The 2026 Price Chase
SHORT1,004 views
Why Silver is Exploding in 2026: The EV & Solar Shock
SHORT70 views
More Market Tools
Why We Built This Tracker
By Austin & Matt — tracking COMEX warehouse data since 2022
We started tracking COMEX deliveries because the mainstream financial media rarely covers what's actually happening in physical metal markets. COMEX is where futures contracts for gold, silver, copper, and other metals are traded — but here's what most people miss: while most contracts settle in cash, some buyers demand actual physical metal.
Why We Watch Deliveries
In our years covering these markets on the podcast, we've learned that delivery data tells a story paper trading doesn't. When buyers "stop" contracts for delivery, they're saying "I want the real thing." High delivery demand relative to warehouse inventory often precedes price moves that catch paper traders off guard.
Our "Squeeze" Framework
After analyzing hundreds of delivery reports, we look for three signals together: declining registered inventory + elevated stops + banks (house accounts) taking delivery. When we see this pattern, it often means the smart money is quietly accumulating physical metal ahead of something.
Sources: Data pulled directly from CME Group official warehouse reports. We verify every data point against the source files linked above. Questions? Hit us up on Twitter/X or catch our weekly metals breakdown on the YouTube channel.
This is commentary based on publicly available data, not financial advice. We're just two guys who think physical delivery data matters more than Wall Street wants you to know.