10 Days to 294M oz COMEX Silver Delivery Crisis + China Fund Payouts
10 Days Until Potential 294 Million oz Silver COMEX Delivery Crisis
March Silver Open Interest stands at 58,770 contracts (293.85 million oz) with only 10 days until First Notice Day. Even half standing for delivery would overwhelm COMEX, which has registered inventories down to nearly 90 million oz, pointing to a substantial drawdown of physical silver stocks.
Verified: March 2026 silver futures (SIH26) OI at approximately 58,770–59,399 contracts per CME Group and MarketWatch data as of February 13–16, 2026 (293+ million oz). First Notice Day confirmed as February 27, 2026 per CME calendar. Registered silver inventories fell to 98.1 million oz by February 11 with further pressure reported, aligning with CoinWeek, Investing.com, and HeavyMetalStats coverage of delivery risks.
China's Silver Fund Revalued – Investors to Be Made Whole
Following the dramatic revaluation of China's sole silver futures LOF fund, UBS SDIC announced a compensation plan: full payout for incremental losses under ¥1,000 (covering over 90% of redeeming holders) and partial compensation for larger losses via Alipay mini-program launching February 26.
Verified: Exact compensation terms confirmed in official fund announcement and reports from GoldFix (VBL), FutuNN, Bloomberg, and Reuters detailing the 31.5% NAV drop in early February 2026 and investor resolution plan released mid-February.