COMEX Vaults Drain 785K Daily February 27th Deadline

Описание: COMEX has 103 million ounces of registered silver. They're facing 400+ million in delivery contracts. 785,000 ounces are draining from vaults DAILY. February 27th is first notice day for March delivery. Something has to break.

🔴 CRITICAL DATA POINTS:
→ Registered silver down 70% since 2020
→ January 2026: 50M ounces left vaults (vs 6.8M in all of 2024)
→ Current delivery rate: 98% taking physical
→ Silver lease rate: 8% (was 0.5% normally - 16x increase)
→ Shanghai premium: $40 above COMEX paper price

📊 WHAT'S HAPPENING:
COMEX operates a paper market where most contracts settle in cash, not metal. But institutional players are now demanding physical delivery at rates never seen before. The math doesn't work. With 400M+ ounces in open contracts and only 103M available for delivery, someone's not getting their silver.

⚠️ FEBRUARY 27TH TIMELINE:
First notice day for March contracts. Traders must declare if they want physical or cash settlement. At current drain rates, another 16M ounces will leave vaults before this deadline. If 75M ounces stand for delivery, COMEX faces a genuine supply crisis.


But here's the difference: In 1980 and 2011, vaults were FULL. In 2026, vaults are nearly EMPTY.

🎯 THREE SCENARIOS:
1. Cash settlement (destroys COMEX credibility as price-setter)
2. Rule changes (margin hikes, position limits - the 1980/2011 playbook)
3. Price divergence (paper vs physical markets separate completely)

💎 SUPPLY FUNDAMENTALS:
→ 5-year supply deficit: 200M oz/year (1 billion oz short since 2021)
→ Industrial demand: 700M oz/year and growing
→ Solar panels, EVs, AI chips all require silver
→ 80% of silver is byproduct mining (can't just "dig more")

📍 WHAT TO WATCH:
✓ Feb 27 delivery notices (crisis level: 75M oz)
✓ Registered inventory (danger zone: 80M oz)
✓ Lease rates (currently 8%, spike = game over)

This isn't financial advice. This is publicly available COMEX data that mainstream media isn't covering while they distract you with the latest meme stock. The vaults are draining. The contracts are piling up. And February 27th is when we find out if COMEX can actually deliver on their promises.

#Silver #COMEX #preciousmetals #silversqueeze #february27