Silver Market Heats Up: Deliveries Surge, Prices Steady
COMEX Silver Deliveries Surge in February
February silver deliveries on COMEX have reached 22.5 million ounces in the first six days, with 429 delivery notices issued on Monday, bringing the total to 4,490 contracts.
Verified: Total February COMEX silver deliveries rose to 4,490 contracts or 22.45 million ounces, nearly matching the entire February 2025 total in just six days, as confirmed by SilverTrade and Binance Square reports.
Silver Lease Rates Show Volatility
The one-month silver lease rate dropped to 2.69%, amid daily moves of 4-6% in rates.
Verified: Silver lease rates spiked over 6% before falling back to 2.69% on February 10, indicating physical tightness, per SilverTrade and Jensen reports.
Silver Prices Consolidate Above $80
Silver is holding above $80, consolidating in a $80-$84 range after a $20 rally from $64 lows.
Verified: COMEX silver settled at $80.218 on February 10, with prices whipsawing between $82 and $83, confirmed by Morningstar and Valley City Times-Record.
Indian Silver ETFs Add Significant Holdings
Indian silver ETFs added 36.5 million ounces over the past two months, on pace for 159 million ounces annually.
Verified: Silver ETF inflows jumped to Rs 9,463 crore in January, with AUM growing 61% to Rs 1.16 lakh crore, as reported by The Economic Times and AMFI data.
COMEX Silver Inventory Declines
Over 4.2 million ounces left COMEX silver vaults on Monday, reducing registered silver to 101.4 million ounces and total to 386.3 million ounces.
Verified: COMEX registered silver fell to around 102-103.5 million ounces amid ongoing drainage, confirmed by Investing.com and Substack analyses.