{"id":689993,"date":"2026-02-20T02:37:05","date_gmt":"2026-02-20T07:37:05","guid":{"rendered":"https:\/\/goldtadise.com\/?p=689993"},"modified":"2026-02-20T02:42:56","modified_gmt":"2026-02-20T07:42:56","slug":"silver-162","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=689993","title":{"rendered":"Silver"},"content":{"rendered":"<div class=\"Y3BBE\" data-sfc-cp=\"\" data-hveid=\"CAEQAA\" data-processed=\"true\">\n<p>The COMEX (Commodity Exchange Inc.) does not directly own, mine, or produce gold and silver, but it acts as a central marketplace and clearinghouse for futures contracts that are backed by physical metals stored in\u00a0<strong class=\"Yjhzub\" data-processed=\"true\">approved, independent depositories<\/strong>. When a contract holder takes physical delivery, the exchange facilitates the transfer of ownership of metal bars held in these vaults.<span class=\"uJ19be notranslate\" data-wiz-uids=\"qclXkb_c,qclXkb_d\" data-processed=\"true\"><span class=\"vKEkVd\" data-animation-atomic=\"\" data-wiz-attrbind=\"class=qclXkb_b\/TKHnVd\" data-processed=\"true\"><span aria-hidden=\"true\" data-processed=\"true\">\u00a0<\/span><button class=\"rBl3me IWyTpf pjvauc\" data-amic=\"true\" data-icl-uuid=\"0840b4f5-acee-4e86-8865-1dd7def81e26\" aria-label=\"CME Group (+4) - View related links\" data-wiz-attrbind=\"disabled=qclXkb_b\/C5gNJc;aria-label=qclXkb_b\/bOjMyf;class=qclXkb_b\/UpSNec\" data-ved=\"2ahUKEwjkprSvxueSAxWTFDQIHewpNkMQye0OegQIARAB\" data-processed=\"true\"><\/button><\/span><\/span><\/p>\n<div class=\"Fwa2Od\" data-animation-skip=\"\" data-signal-inputs=\"scS1X=qclXkb_b\/scS1X\" data-ved=\"2ahUKEwjkprSvxueSAxWTFDQIHewpNkMQ3s0SegQIARAC\" data-processed=\"true\"><img decoding=\"async\" id=\"img-oA2YaeTWGZOp0PEP7NPYmQQ_1\" class=\"lXbsme\" src=\"image\/png;base64,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\" alt=\"CME Group\" data-deferred=\"3\" data-imglogged=\"true\" data-aatf=\"1\" data-processed=\"true\" data-imgprocessed=\"true\" \/><span class=\"wJwe6c\" data-processed=\"true\"><span class=\"iFMVXd\" data-processed=\"true\">CME Group<\/span><span class=\"IjM6od\" data-processed=\"true\">\u00a0+4<\/span><\/span><\/div>\n<\/div>\n<div class=\"Y3BBE\" data-sfc-cp=\"\" data-hveid=\"CAIQAA\" data-processed=\"true\">Here is a breakdown of how the COMEX handles physical silver and gold:<button class=\"rBl3me\" data-amic=\"true\" data-icl-uuid=\"20aa341f-5889-4af2-ae30-632ef90a4f0e\" aria-label=\"View related links\" data-wiz-attrbind=\"disabled=qclXkb_k\/C5gNJc;aria-label=qclXkb_k\/bOjMyf;class=qclXkb_k\/UpSNec\" data-ved=\"2ahUKEwjkprSvxueSAxWTFDQIHewpNkMQye0OegQIAhAB\" data-processed=\"true\"><\/button><\/div>\n<ul class=\"KsbFXc U6u95\" data-processed=\"true\">\n<li data-hveid=\"CAQQAA\" data-processed=\"true\"><span class=\"T286Pc\" data-sfc-cp=\"\" data-processed=\"true\"><strong class=\"Yjhzub\" data-processed=\"true\">Approved Depositories:<\/strong>\u00a0COMEX does not operate its own warehouses. Instead, it authorizes private, high-security storage facilities to hold deliverable metal. Examples include Brinks, CNT Depository,\u00a0<span data-sfc-cp=\"\" data-wiz-uids=\"qclXkb_1g\" data-processed=\"true\"><a class=\"H23r4e\" href=\"https:\/\/delawaredepository.com\/\" target=\"_blank\" rel=\"noopener\" data-hveid=\"CAQQAQ\" data-processed=\"true\">Delaware Depository<\/a><\/span>, HSBC, JPMorgan Chase, Malca-Amit, and IDS of Delaware.<\/span><\/li>\n<\/ul>\n<p>Sept 21&#8217;2025\u00a0 depositories held a record amount, 540 million ounces. The story was shortages everywhere, they dumped the stuff onto us and will continue to, 366 million more to go.<\/p>\n<p><a href=\"https:\/\/metalcharts.org\/comex\/silver\">https:\/\/metalcharts.org\/comex\/silver<\/a><\/p>\n<p>Depository Breakdown<\/p>\n<table class=\"w-full text-xs sm:text-sm min-w-[320px]\">\n<thead>\n<tr class=\"border-b text-muted-foreground text-left\">\n<th class=\"pb-2 pr-2 sm:pr-3 font-medium\">Depository<\/th>\n<th class=\"pb-2 px-2 sm:px-3 font-medium text-right hidden sm:table-cell\">Registered<\/th>\n<th class=\"pb-2 px-2 sm:px-3 font-medium text-right hidden sm:table-cell\">Eligible<\/th>\n<th class=\"pb-2 px-2 sm:px-3 font-medium text-right\">Total<\/th>\n<th class=\"pb-2 pl-2 sm:pl-3 font-medium text-right\">Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">JP Morgan Chase Bank NA<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">12.00M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">143.85M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">155.85M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"text-muted-foreground\">0<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">Brink&#8217;S, Inc.<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">15.78M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">39.34M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">55.12M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"font-medium text-red-500\">590.5K oz<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">Loomis International (US) LLC<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">6.31M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">24.03M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">30.35M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"text-muted-foreground\">0<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">Cnt Depository, Inc.<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">12.17M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">14.02M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">26.19M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"font-medium text-red-500\">156.2K oz<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">Asahi Depository LLC<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">23.30M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">2.75M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">26.05M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"text-muted-foreground\">0<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">HSBC Bank, USA<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">3.41M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">20.26M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">23.68M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"font-medium text-red-500\">640.6K oz<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">Manfra, Tordella &amp; Brookes, LLC<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">6.22M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">12.45M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">18.67M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"text-muted-foreground\">0<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">Delaware Depository<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">1.53M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">16.28M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">17.81M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"font-medium text-green-500\">+7.2K oz<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">Stonex Precious Metals LLC<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">6.23M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">1.54M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">7.77M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"font-medium text-red-500\">5.0K oz<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">International Depository Services Of Delaware<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">273.8K oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">3.64M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">3.92M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><span class=\"text-muted-foreground\">0<\/span><\/td>\n<\/tr>\n<tr class=\"border-b border-border\/50 last:border-0\">\n<td class=\"py-2.5 pr-2 sm:pr-3 font-medium max-w-[130px] sm:max-w-[220px] truncate\">Malca-Amit USA, LLC<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">949.6K oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums hidden sm:table-cell\">1.07M oz<\/td>\n<td class=\"py-2.5 px-2 sm:px-3 text-right tabular-nums font-medium\">2.02M oz<\/td>\n<td class=\"py-2.5 pl-2 sm:pl-3 text-right tabular-nums\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The COMEX (Commodity Exchange Inc.) does not directly own, mine, or produce gold and silver, but it acts as a central marketplace and clearinghouse for futures contracts that are backed by physical metals stored in\u00a0approved, independent depositories. When a contract &hellip; <a href=\"https:\/\/goldtadise.com\/?p=689993\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2826,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-689993","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/689993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2826"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=689993"}],"version-history":[{"count":2,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/689993\/revisions"}],"predecessor-version":[{"id":689996,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/689993\/revisions\/689996"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=689993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=689993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=689993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}