Why Is Silver Leaving COMEX Vaults? What Investors May Be Missing 

Why is silver leaving COMEX vaults? Many investors assume shrinking inventories signal a coming silver squeeze. But COMEX deliveries, warehouse warrants, and inventory shifts don’t always mean metal is physically leaving the system. Here’s what the data really shows.

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.