Six Paper Claims, One Ounce of Silver: What First Notice Day Reveals

September’s COMEX silver contract hits First Notice Day with 161.8M oz of open interest against just 99.1M oz of registered, deliverable silver. Here’s what the gap means — and doesn’t.
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.
