COUNTDOWN: Drawdown of COMEX Vaults Will Create a Depletion of Physical Silver Within 145 Days
COMEX vaults currently hold approximately 77 million ounces of deliverable silver. However, each month anywhere from 10 to 20 million ounces of silver are being drained from COMEX coffers. It doesn't take a mathematical genius to figure out what happens within the next few months if COMEX does not replenish its physical silver.
COMEX Registered (deliverable) Silver
76.4M oz
Available for delivery against futures contracts
↓ 13.1% (11.6M oz) 30 days
Open Interest
577.7M oz
Paper Silver Claims. Outstanding futures contracts multiplied by 5,000
↑ 0.2% (1.4M oz) 1 day -- Paper leverage: 7.6×
Comex Stress Index = 85%
Inventory depletion estimate: ~145 trading days if recent withdrawal pace continues.





