Are Silver Investors Watching the Wrong Numbers?

Many silver investors believe rising COMEX deliveries, falling registered inventory, and physical movement should directly drive price. But the data tells a different story. In this analysis, Alan Hibbard explains three common COMEX silver delivery misconceptions and breaks down how the silver market actually works — from futures price discovery to settlement, warehouse accounting, and logistics. Understanding these mechanics can help investors avoid misleading narratives and make steadier decisions in volatile markets.
