7 Million Ounces of Silver Exit COMEX Vaults Amid Physical Delivery Spike

Key Facts

1COMEX vaults saw an outflow of 7 million ounces of silver over the past week.

2The metal outflow coincided with a significant spike in physical delivery requests.

Amid signs of growing appetite for physical assets and tightening global supply, COMEX vaults witnessed an outflow of 7 million ounces of silver over the past week. According to reports, these movements highlight increasing pressure on available inventories at one of the world's largest futures trading platforms, placing the white metal under close investor scrutiny.

The substantial metal outflow coincided with a significant spike in physical delivery requests, which typically indicates a preference among market participants to hold the physical asset rather than settling contracts in cash. Based on the available data, the continuation of such withdrawals could signal a tightening supply-demand balance, driven by both industrial and investment demand.

As updated price data is currently unavailable, traders are monitoring vault liquidity levels as a proxy for future price direction. With no major upcoming catalysts in the economic calendar specifically related to precious metals for the next seven days, market focus will remain on subsequent weekly inventory reports to gauge the persistence of physical withdrawals.