COMEX Physical Vaults

Common questions

How much gold and silver is in COMEX warehouses?

COMEX-approved depositories report their gold, silver, copper, platinum, and palladium holdings to CME Group each business day, split into registered and eligible categories. The current totals, with 7-day and 30-day changes, are shown above. Because the figure moves daily, check the as-of date on this page for the latest reading.

What is the difference between registered and eligible gold?

Registered metal is backed by a warehouse receipt (warrant) and can be delivered against a futures contract right now. Eligible metal meets exchange specs and sits in the same vaults but has no active warrant, so it is not immediately deliverable. Registered is the supply that can settle today; eligible is on the sidelines until its owner chooses to register it.

Can eligible metal become deliverable?

Yes. An owner can convert eligible metal to registered by issuing a warrant, which moves it into the deliverable pool. The reverse also happens. This is why registered inventory can swing even when the total amount of metal in the vault barely changes — the metal is being re-categorized, not necessarily added or removed.

Why does COMEX registered inventory matter?

Registered inventory is the metal physically available to settle futures deliveries. When registered stock falls while open interest stays high, more paper contracts are chasing less deliverable metal, which tends to raise the odds of delivery stress. It is a supply gauge, not a price forecast.