COMEX Metals Deliveries ·Data as of Sep 4, 2026
Copper (HG) led the latest delivery report at 365 contracts
How much metal is being taken off the exchange. Each notice is one futures contract standing for physical delivery — the flow side of the COMEX warehouse inventory.
Latest delivery report
September 4, 2026 · report run 8:15 PM CT
contracts delivered · settled 6.597
Issued · delivered metal
Stopped · took metal
contracts delivered · settled 66.047
Issued · delivered metal
Stopped · took metal
contracts delivered · settled 66.047
Issued · delivered metal
Stopped · took metal
contracts delivered · settled 1390.1
Issued · delivered metal
Stopped · took metal
Gold
Sep 2026
508
contracts delivered
Aug 2026
8,236
contracts
Monthly Gold delivery notices on the GC · 100 troy oz contract. Total since tracking began: 165,712 contracts. The smaller micro contract is counted separately, below.
Silver
Sep 2026
801
contracts delivered
Aug 2026
5,146
contracts
Monthly Silver delivery notices on the SI · 5,000 troy oz contract. Total since tracking began: 44,335 contracts. The smaller micro contract is counted separately, below.
Copper
Sep 2026
2,945
contracts delivered
Aug 2026
14,549
contracts
Monthly Copper delivery notices on the HG · 25,000 lb contract. Total since tracking began: 127,611 contracts.
Platinum
Aug 2026
89
contracts delivered
Jul 2026
93
contracts
Monthly Platinum delivery notices on the PL · 50 troy oz contract. Total since tracking began: 5,957 contracts.
Palladium
Sep 2026
13
contracts delivered
Aug 2026
258
contracts
Monthly Palladium delivery notices on the PA · 100 troy oz contract. Total since tracking began: 2,203 contracts.
Who took delivery
Every delivery notice has two sides. The firm that issues it is the short handing over metal; the firm that stops it is the long taking metal off the exchange. CME names both, split between each firm's own book (house) and the book it keeps for clients (customer) — so this is the only part of the delivery report that says who.
Archive
January 9, 2026 → September 4, 2026
40 clearing firms
Gold
GC · 100 troy ozMost notices stopped: JP Morgan Securities (customer account), 34,349 contracts — 20.7% of all Gold stops.
Latest notices September 3, 2026: 508 contracts stopped by 7 firms in Sep 2026.
| # | Firm | Stopped | Issued | Net | Share |
|---|---|---|---|---|---|
| 1 |
JP Morgan Securities
Customer · 661
|
34,349 | 48,971 | -14,622 | 20.7% |
| 2 |
BNP Paribas Securities Corp
Customer · 555
|
26,609 | 4,145 | +22,464 | 16.1% |
| 3 |
Deutsche Bank AG
House · 099
|
18,611 | 11,670 | +6,941 | 11.2% |
| 4 |
BofA Securities
House · 624
|
14,419 | 12,430 | +1,989 | 8.7% |
| 5 |
Wells Fargo Securities
House · 363
|
12,684 | 11,953 | +731 | 7.7% |
| 6 |
BMO Capital Markets
House · 190
|
10,370 | 3,456 | +6,914 | 6.3% |
| 7 |
Barclays
Customer · 709
|
6,369 | 16,261 | -9,892 | 3.8% |
| 8 |
Citigroup
House · 880
|
6,107 | 48 | +6,059 | 3.7% |
| 9 |
RBC Capital Markets
House · 732
|
5,363 | 34 | +5,329 | 3.2% |
| 10 |
BNP Paribas Securities Corp
House · 555
|
5,188 | 300 | +4,888 | 3.1% |
Ranked by contracts stopped since January 9, 2026. Net is stopped minus issued: positive means the firm took more metal than it delivered. Showing the top 10 of 46 house and customer accounts, across 33 clearing firms.
Micro Gold
MGC · 10 troy ozMost notices stopped: Advantage Futures (customer account), 7,618 contracts — 60.8% of all Micro Gold stops.
Latest notices August 28, 2026: 4,614 contracts stopped by 6 firms in Aug 2026.
| # | Firm | Stopped | Issued | Net | Share |
|---|---|---|---|---|---|
| 1 |
Advantage Futures
Customer · 737
|
7,618 | 19 | +7,599 | 60.8% |
| 2 |
ADM
Customer · 905
|
4,742 | 0 | +4,742 | 37.9% |
| 3 |
Dorman Trading, LLC
Customer · 152
|
137 | 7 | +130 | 1.1% |
| 4 |
Interactive Brokers
Customer · 523
|
18 | 10 | +8 | 0.1% |
| 5 |
CME
House · 991
|
10 | 12,490 | -12,480 | 0.1% |
| 6 |
StoneX Financial Inc
Customer · 686
|
1 | 0 | +1 | 0.0% |
Ranked by contracts stopped since January 9, 2026. Net is stopped minus issued: positive means the firm took more metal than it delivered.
Silver
SI · 5,000 troy ozMost notices stopped: JP Morgan Securities (customer account), 9,771 contracts — 22.0% of all Silver stops.
Latest notices September 4, 2026: 801 contracts stopped by 12 firms in Sep 2026.
| # | Firm | Stopped | Issued | Net | Share |
|---|---|---|---|---|---|
| 1 |
JP Morgan Securities
Customer · 661
|
9,771 | 9,020 | +751 | 22.0% |
| 2 |
Wells Fargo Securities
House · 363
|
6,342 | 5,455 | +887 | 14.3% |
| 3 |
Deutsche Bank AG
House · 099
|
4,034 | 1,641 | +2,393 | 9.1% |
| 4 |
BofA Securities
House · 624
|
2,915 | 840 | +2,075 | 6.6% |
| 5 |
RBC Capital Markets
House · 732
|
2,553 | 20 | +2,533 | 5.8% |
| 6 |
BNP Paribas Securities Corp
Customer · 555
|
2,474 | 2,882 | -408 | 5.6% |
| 7 |
Citigroup
House · 880
|
2,344 | 978 | +1,366 | 5.3% |
| 8 |
StoneX Financial Inc
House · 686
|
2,334 | 853 | +1,481 | 5.3% |
| 9 |
Scotia Capital (USA)
House · 435
|
2,133 | 4,046 | -1,913 | 4.8% |
| 10 |
Macquarie Futures US
House · 118
|
1,905 | 1,695 | +210 | 4.3% |
Ranked by contracts stopped since January 9, 2026. Net is stopped minus issued: positive means the firm took more metal than it delivered. Showing the top 10 of 39 house and customer accounts, across 30 clearing firms.
Micro Silver
SIL · 1,000 troy ozMost notices stopped: Advantage Futures (customer account), 4,431 contracts — 70.8% of all Micro Silver stops.
Latest notices September 4, 2026: 200 contracts stopped by 3 firms in Sep 2026.
| # | Firm | Stopped | Issued | Net | Share |
|---|---|---|---|---|---|
| 1 |
Advantage Futures
Customer · 737
|
4,431 | 52 | +4,379 | 70.8% |
| 2 |
ADM
Customer · 905
|
1,349 | 1,493 | -144 | 21.6% |
| 3 |
Dorman Trading, LLC
Customer · 152
|
268 | 7 | +261 | 4.3% |
| 4 |
CME
House · 991
|
205 | 4,705 | -4,500 | 3.3% |
| 5 |
Marex Spec
Customer · 800
|
4 | 0 | +4 | 0.1% |
| 6 |
R.J. O'Brien
Customer · 685
|
1 | 0 | +1 | 0.0% |
Ranked by contracts stopped since January 9, 2026. Net is stopped minus issued: positive means the firm took more metal than it delivered.
Copper
HG · 25,000 lbMost notices stopped: StoneX Financial Inc (customer account), 30,385 contracts — 23.8% of all Copper stops.
Latest notices September 4, 2026: 2,945 contracts stopped by 15 firms in Sep 2026.
| # | Firm | Stopped | Issued | Net | Share |
|---|---|---|---|---|---|
| 1 |
StoneX Financial Inc
Customer · 686
|
30,385 | 28,883 | +1,502 | 23.8% |
| 2 |
JP Morgan Securities
Customer · 661
|
17,730 | 11,150 | +6,580 | 13.9% |
| 3 |
RBC Capital Markets
Customer · 732
|
11,013 | 8,949 | +2,064 | 8.6% |
| 4 |
Marex
Customer · 167
|
9,216 | 3,311 | +5,905 | 7.2% |
| 5 |
Marex Capital Markets
Customer · 159
|
8,907 | 8,652 | +255 | 7.0% |
| 6 |
Advantage Futures
Customer · 737
|
8,324 | 8,348 | -24 | 6.5% |
| 7 |
Mizuho Securities US
Customer · 104
|
6,698 | 17,024 | -10,326 | 5.2% |
| 8 |
SG Americas
Customer · 132
|
5,440 | 10,244 | -4,804 | 4.3% |
| 9 |
BMO Capital Markets
House · 190
|
4,086 | 3,673 | +413 | 3.2% |
| 10 |
BNP Paribas Securities Corp
Customer · 555
|
3,699 | 4,534 | -835 | 2.9% |
Ranked by contracts stopped since January 9, 2026. Net is stopped minus issued: positive means the firm took more metal than it delivered. Showing the top 10 of 29 house and customer accounts, across 23 clearing firms.
Platinum
PL · 50 troy ozMost notices stopped: JP Morgan Securities (customer account), 1,506 contracts — 25.3% of all Platinum stops.
Latest notices August 28, 2026: 89 contracts stopped by 5 firms in Aug 2026.
| # | Firm | Stopped | Issued | Net | Share |
|---|---|---|---|---|---|
| 1 |
JP Morgan Securities
Customer · 661
|
1,506 | 518 | +988 | 25.3% |
| 2 |
Citigroup
Customer · 880
|
1,070 | 531 | +539 | 18.0% |
| 3 |
BofA Securities
House · 624
|
622 | 1,263 | -641 | 10.4% |
| 4 |
BMO Capital Markets
House · 190
|
512 | 21 | +491 | 8.6% |
| 5 |
BNP Paribas Securities Corp
Customer · 555
|
353 | 227 | +126 | 5.9% |
| 6 |
StoneX Financial Inc
Customer · 686
|
347 | 310 | +37 | 5.8% |
| 7 |
Marex
House · 167
|
250 | 0 | +250 | 4.2% |
| 8 |
HSBC
Customer · 323
|
222 | 110 | +112 | 3.7% |
| 9 |
Macquarie Futures US
Customer · 118
|
190 | 659 | -469 | 3.2% |
| 10 |
Scotia Capital (USA)
House · 435
|
176 | 214 | -38 | 3.0% |
Ranked by contracts stopped since January 9, 2026. Net is stopped minus issued: positive means the firm took more metal than it delivered. Showing the top 10 of 28 house and customer accounts, across 22 clearing firms.
Palladium
PA · 100 troy ozMost notices stopped: JP Morgan Securities (customer account), 407 contracts — 18.5% of all Palladium stops.
Latest notices September 4, 2026: 13 contracts stopped by 6 firms in Sep 2026.
| # | Firm | Stopped | Issued | Net | Share |
|---|---|---|---|---|---|
| 1 |
JP Morgan Securities
Customer · 661
|
407 | 292 | +115 | 18.5% |
| 2 |
ADM
Customer · 905
|
187 | 321 | -134 | 8.5% |
| 3 |
Scotia Capital (USA)
House · 435
|
151 | 1 | +150 | 6.9% |
| 4 |
StoneX Financial Inc
Customer · 686
|
148 | 353 | -205 | 6.7% |
| 5 |
Citigroup
Customer · 880
|
120 | 17 | +103 | 5.4% |
| 6 |
StoneX Financial Inc
House · 686
|
112 | 130 | -18 | 5.1% |
| 7 |
BofA Securities
House · 624
|
109 | 5 | +104 | 4.9% |
| 8 |
Morgan Stanley
House · 657
|
90 | 50 | +40 | 4.1% |
| 9 |
BMO Capital Markets
House · 190
|
89 | 0 | +89 | 4.0% |
| 10 |
Goldman
House · 072
|
87 | 0 | +87 | 3.9% |
Ranked by contracts stopped since January 9, 2026. Net is stopped minus issued: positive means the firm took more metal than it delivered. Showing the top 10 of 27 house and customer accounts, across 22 clearing firms.
Aluminum
ALI · 25 metric tonnesMost notices stopped: Marex (customer account), 130 contracts — 31.9% of all Aluminum stops.
Latest notices September 1, 2026: 25 contracts stopped by 2 firms in Sep 2026.
| # | Firm | Stopped | Issued | Net | Share |
|---|---|---|---|---|---|
| 1 |
Marex
Customer · 167
|
130 | 49 | +81 | 31.9% |
| 2 |
Mizuho Securities US
Customer · 104
|
110 | 42 | +68 | 27.0% |
| 3 |
RBC Capital Markets
Customer · 732
|
81 | 58 | +23 | 19.9% |
| 4 |
ABN AMRO Clearing USA LLC
Customer · 690
|
49 | 98 | -49 | 12.0% |
| 5 |
Dorman Trading, LLC
Customer · 152
|
20 | 20 | 0 | 4.9% |
| 6 |
Advantage Futures
Customer · 737
|
16 | 18 | -2 | 3.9% |
| 7 |
Marex
House · 167
|
1 | 52 | -51 | 0.2% |
Ranked by contracts stopped since January 9, 2026. Net is stopped minus issued: positive means the firm took more metal than it delivered.
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Common questions
- What are COMEX deliveries?
- When a COMEX gold, silver, or other metals futures contract reaches its delivery month, the holder can stand for delivery and take physical metal. The exchange records a delivery notice for each contract that settles this way. The monthly count of those notices is a measure of how much metal is being taken off the exchange rather than rolled or closed on paper.
- Who is taking delivery of COMEX silver?
- Since January 9, 2026 the largest stopper of the COMEX 5,000 oz silver contract is JP Morgan Securities (customer account) with 9,771 contracts, or 22.0% of all silver stops. 30 clearing firms have stopped silver notices over that period; the full firm-by-firm ledger for every COMEX metal is on this page.
More questions
- How are deliveries counted on this page?
- Every figure on this page is built from CME Group's daily Issues and Stops report, which lists each clearing firm's notices contract by contract. Each notice is one futures contract standing for delivery — 100 troy ounces for gold, 5,000 for silver — so the counts are contracts, not ounces. The monthly charts count each metal's standard contract only; the smaller micro contracts (10 oz gold, 1,000 oz silver) are counted in their own tables rather than added in, because adding a 1,000 oz lot to a 5,000 oz lot would produce a number that means nothing.
- How do deliveries relate to COMEX warehouse inventory?
- Warehouse inventory is the stock of metal sitting in exchange vaults; deliveries are the flow of contracts claiming it. A month of heavy deliveries against a thin registered stockpile is what stackers watch for, so this page pairs with the COMEX warehouse-inventory page that tracks the stock side.
- Do high delivery months mean a shortage?
- Not on their own. Deliveries are seasonal — they cluster in the active delivery months for each metal — and a large count can simply reflect a big, liquid contract month. They are most informative read alongside registered inventory and open interest, not in isolation.
- What does it mean to stop a delivery notice?
- Every delivery notice has two sides. The clearing firm on the short side issues the notice and delivers the metal; the firm on the long side stops it and takes the metal. Each notice is one contract, so a day's issues and stops always sum to the same total — what differs is which firm is on which side.
- What is the difference between a house and a customer account?
- A clearing member's house account is its own book: the firm taking or delivering metal for itself. Its customer account is the book it keeps for clients, so a large customer-account stop means a bank's clients are taking delivery, not the bank. CME reports the two separately and this page keeps them separate.
- Where does firm-level COMEX delivery data come from?
- CME Group publishes a daily Issues and Stops report naming every clearing member that issued or stopped a delivery notice. It is posted at a single undated URL and overwritten at each publication, and no public historical archive of it exists, so a day nobody captures is gone for good. The archive behind this page begins January 9, 2026.
Data source
Every figure on this page comes from one source: the daily Issues and Stops report published by CME Group, which lists each clearing firm's delivery notices contract by contract. Each notice is one contract standing for physical delivery, so the counts are contracts and never ounces. Every contract block is checked against CME's own printed total before it is stored, and dropped if it does not add up. The monthly charts count each metal's standard contract; micro contracts are counted separately so unlike lot sizes are never summed.
The firm-by-firm figures come from the same publisher's daily Issues and Stops report, which names every clearing member on both sides of a notice. CME posts it at one undated address and overwrites it at each publication, and keeps no public history, so the archive here — January 9, 2026 onward, 40 clearing firms — exists only because each day's file was captured as it was published. Firm names are reproduced as CME prints them, in a fixed 20-character column that truncates the longer ones; where truncation left a name incomplete it is expanded, and CME's own firm number is shown alongside so each entity stays identifiable. Counts are contracts, never converted between the different lot sizes, so the micro contracts are listed separately from the standard ones.