Want the Vault Briefing in your inbox?

Weekly receipts letter · optional daily briefing · record-break alerts · unsubscribe anytime

COMEX Silver Vault

Silver

91.68M oz

~$5.5B

7-Day Change

-1.4%

Vault Flow (24h)

▲ +116K oz

~$7.0M

FILLING

Building faster than usual

Paper-to-Physical Ratio

6:1

Days of Supply

56 days

Deliveries (30d)

1,046 contracts

5.23M oz ~$315.4M

Total in Vaults

323.28M oz

~$19.5B

Data Verified
Data as of 2026-07-02

Inventory Trend

Registered metal in vaults, last 3 months

75.7M80.0M84.4M88.7M93.0M Apr 8Apr 24May 12May 22Jun 4Jun 17Jul 2

Coming soon

Price-vs-inventory overlay, related Vance commentary, and warehouse-level breakdown.

Physical Flow vs Book Change

Metal moving in and out of the vault vs how the records changed

Metal Moving

↘ Received +195.1K oz
↗ Withdrawn -79.5K oz
Net Flow ▲ +116K oz

Book Changes

Registered ▼ -1.20M oz
Eligible ▲ +1.32M oz
Net Change ▲ +116K oz

Metal moving = what physically entered or left the vault. Book changes = warrants being reclassified between registered and eligible. The two numbers differ when records catch up to physical activity on different days.