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Physical Desk

The Vault Board

Every series we track, sorted by how far from normal it sits. Each number carries its percentile of the full record and a lowest/highest-since anchor. All deterministic, straight from the source data.

Computed 5:22 AM ET

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Series Level Δ1d Δ30d Percentile of record Record As of
LME lead stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
449,750 mt
QTY
-0.4% +48.9%
100th
steady
100th percentile of 19-yr record Jul 21
SPR crude
The government's emergency crude reserve. Low leaves the least room to cushion a supply shock.
316.5 MM bbl
QTY
-0.9%wk -9.4%
1st
falling, but easing
lowest since Apr 1983 Jul 10
COMEX copper stocks
Copper sitting in COMEX warehouses. Low is the thinnest buffer for industrial buyers if demand outruns supply.
700,953 short tons
QTY
+0.3% +7.2%
100th
steady
6-mo high Jul 20
COMEX silver deliverable share
Share of COMEX warehouse stock that's deliverable rather than just stored. High is reassuring; low leaves less ready to deliver.
29.2%
RATIO
+0.0% +8.9%
100th
6-mo high Jul 20
COMEX silver coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
18.3%
RATIO
+0.6% +14.6%
100th
6-mo high Jul 20
COMEX total gold stocks
27.07M oz
QTY
+0.0% -3.3%
2nd
steady
6-mo low Jul 20
Tokyo retail gold (Tanaka)
What Japanese buyers pay for retail gold, in yen per gram. High means gold is dear in yen.
¥23,816/g
PRICE
+2.4% -0.6%
99th
rising faster
99th percentile of 38-yr record Jul 22
COMEX gold coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
38.5%
RATIO
+0.0% -12.8%
11th
6-mo record Jul 20
COMEX registered gold
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
14.78M oz
QTY
+0.0% -1.4%
3rd
steady
6-mo low Jul 20
China gold reserves
2,321.6 tonnes
QTY
+0.3% +0.3%
100th
steady
highest in the 11-yr record Apr 1
Germany gold reserves
3,349.5 tonnes
QTY
-0.0% -0.0%
0th
steady
lowest in the 26-yr record Apr 1
LME aluminum stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
278,275 mt
QTY
-0.5% -11.7%
0th
falling faster
lowest since Sep 2022 Jul 21
Cushing crude
Crude at the Cushing hub, where US oil futures settle. Low marks a tight delivery point.
20.0 MM bbl
QTY
+2.2%wk -7.4%
12th
rising faster
22-yr record Jul 10
COMEX registered silver
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
96.34M oz
QTY
+0.6% +11.7%
80th
rising faster
6-mo record Jul 20
US commercial crude
Crude held by US refiners and traders. Low is a thinner commercial buffer.
409.7 MM bbl
QTY
-0.4%wk -3.9%
75th
steady
44-yr record Jul 10
Managed-money net copper (COT)
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
60,185 contracts
QTY
+2.4%wk -13.0%
90th
90th percentile of 20-yr record Jul 14
LME tin stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
7,490 mt
QTY
-0.4% -16.5%
60th
steady
19-yr record Jul 21
LME nickel stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
272,040 mt
QTY
-0.4% -1.5%
74th
steady
19-yr record Jul 21
COMEX copper coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
14.0%
RATIO
+0.7% +6.9%
91st
6-mo high Jul 20
COMEX registered platinum
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
198K oz
QTY
+0.0% -6.6%
8th
steady
6-mo low Jul 20
COMEX gold deliverable share
Share of COMEX warehouse stock that's deliverable rather than just stored. High is reassuring; low leaves less ready to deliver.
54.6%
RATIO
+0.0% +2.0%
90th
6-mo high Jul 20
US diesel/distillate stocks
US stocks of diesel and heating oil. Low is a thinner cushion for trucking, farming, and winter heat.
108.2 MM bbl
QTY
+4.4%wk +5.9%
15th
rising faster
44-yr record Jul 10
SLV shares outstanding
Roughly how much metal the fund holds for investors. Falling means investors are pulling money out.
534.9M shares
QTY
-0.1% +0.8%
86th
steady
20-yr record Jul 21
LME copper stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
290,925 mt
QTY
-1.5% -17.4%
64th
falling faster
19-yr record Jul 21
GLD shares outstanding
Roughly how much metal the fund holds for investors. Falling means investors are pulling money out.
351.7M shares
QTY
+0.5% -1.6%
70th
steady
22-yr record Jul 20
LME zinc stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
108,500 mt
QTY
-0.6% -12.3%
19th
falling, but easing
19-yr record Jul 21
GLD gold in trust
Physical gold the fund holds in trust. Falling means investors are redeeming.
1,003.6 tonnes
QTY
+0.5% -1.7%
68th
steady
22-yr record Jul 20
India gold reserves
880.5 tonnes
QTY
+0.0% +0.0%
100th
steady
highest in the 19-yr record Apr 1
Poland gold reserves
595.7 tonnes
QTY
+2.4% +2.4%
100th
rising faster
highest in the 26-yr record Apr 1
COMEX total silver stocks
330.32M oz
QTY
+0.5% +2.6%
56th
rising faster
6-mo record Jul 20
Japan gold reserves
846.0 tonnes
QTY
+0.0% +0.0%
100th
steady
100th percentile of 26-yr record May 1
COMEX platinum coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
7.4%
RATIO
+0.0% +8.3%
29th
6-mo record Jul 20
Managed-money net silver (COT)
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
11,501 contracts
QTY
-12.9%wk +10.6%
30th
20-yr record Jul 14
COMEX registered palladium
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
202K oz
QTY
+0.0% +0.1%
63rd
steady
6-mo record Jul 20
Switzerland gold reserves
1,039.9 tonnes
QTY
+0.0% +0.0%
7th
steady
7th percentile of 26-yr record Apr 1
US Mint gold sales
8K oz
QTY
+1600.0% +1600.0%
14th
40-yr record Jun 1
Managed-money net gold (COT)
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
120,779 contracts
QTY
+4.0%wk +14.1%
58th
20-yr record Jul 14
Russia gold reserves
2,298.5 tonnes
QTY
-0.3% -0.3%
80th
steady
21-yr record Apr 1
Turkey gold reserves
729.9 tonnes
QTY
-0.3% -0.3%
89th
steady
26-yr record May 1
COMEX palladium coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
10.9%
RATIO
+0.0% -8.3%
45th
6-mo record Jul 20
LBMA London vault gold
Metal in London vaults backing the global spot market. Low is less physical float behind the market.
304.29M oz
QTY
+0.8% +0.8%
84th
rising faster
highest since Aug 2022 Jun 1
US Mint silver sales
260K oz
QTY
17th
40-yr record Jun 1
US gasoline stocks
US stocks of gasoline at the pump's source. Low is a thinner cushion heading into driving season.
210.5 MM bbl
QTY
-0.7%wk -2.1%
36th
falling
lowest since Nov 2025 Jul 10
United States gold reserves
8,133.5 tonnes
QTY
+0.0% +0.0%
78th
steady
26-yr record May 1
France gold reserves
2,437.0 tonnes
QTY
+0.0% +0.0%
65th
steady
26-yr record Apr 1
LBMA London vault silver
Metal in London vaults backing the global spot market. Low is less physical float behind the market.
902.84M oz
QTY
+1.7% +1.7%
38th
rising faster
10-yr record Jun 1
Italy gold reserves
2,451.8 tonnes
QTY
+0.0% +0.0%
44th
steady
26-yr record Apr 1
Gold/silver ratio
How many ounces of silver buy one ounce of gold. High means silver is cheap relative to gold.
68.9
RATIO
-0.3% n/a Jul 22
Gold intl premium
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
-2.5%
RATIO
-1.9pp n/a Jul 21
Palladium intl premium
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
-2.2%
RATIO
-3.1pp n/a Jul 21
Platinum intl premium
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
+2.6%
RATIO
-0.1pp n/a Jul 22
Silver intl premium
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
+4.8%
RATIO
-4.0pp n/a Jul 21

Weekly series (EIA oil) show week-over-week in the Δ1d column. Percentile is the share of the full record at or below today's level; "n/a" means the stored history is too shallow to rank honestly.

Sorted by most abnormal (default)
LME lead stocks chart: 449,750 mt as of Jul 21, 100th percentile of its record. Today's furthest-from-normal series on The Vault Report board.
LME lead stocks chart: 449,750 mt as of Jul 21, 100th percentile of its record. Today's furthest-from-normal series on The Vault Report board.

Cite this page

The Vault Report. "The Vault Board | Metals & Energy by Abnormality." https://thevaultreport.com/board (Accessed July 22, 2026).