COMEX Silver First Notice Day April 30: What to Watch

The COMEX May 2026 silver contract hits First Notice Day on April 30 — the same morning as Q1 GDP data and one day after the Fed decision. With the coverage ratio below the 15% stress threshold for six straight months, here’s what to watch.
Silver broke a historic record. The bigger signal isn’t the price.

Silver’s price is getting all the attention. But COMEX inventory drawdowns, a historic 10-month closing streak, and a Bank of America forecast ranging from $135 to $309 suggest the bigger story is happening beneath the surface.
