Description
The COMEX Inventory: Silver is published by the Commodity Exchange Inc. (COMEX). This indicator is used to track the amount of silver held in COMEX-approved warehouses. It serves as a key benchmark for assessing supply levels and potential market movements in the silver market. A high inventory level may indicate a surplus, potentially leading to lower prices, while a low inventory level may suggest a shortage, potentially driving prices higher.
The inventory data is calculated based on the total amount of silver held in COMEX-approved warehouses. This includes both registered and eligible stocks. Registered stocks are those that are available for delivery against futures contracts, while eligible stocks are those that meet the standards but are not currently available for delivery.
The data is updated daily and published at the end of each trading day, providing the most recent inventory levels.