Silver Market on Edge: COMEX Faces Unprecedented Delivery Stress in March Cycle

keep draining physical. They are showing how desperate they are by their paper take downs. It just confirms they are in deep shit. When the west attacks the east stacks. Their paper attacks back fire because it helps drain even more physical. Keep stacking even if it’s 1oz at a time. India, China should make their people buy 1oz physical each. It would end the wests game quickly.

The immediate implications are stark: with registered silver stocks hitting multi-year lows, the buffer between available inventory and delivery obligations has reached its thinnest level in exchange history. While the exchange has managed to avoid a formal default thus far through aggressive margin hikes and the introduction of cash-settled alternatives, the persistent backwardation in silver prices indicates a market desperate for physical metal. If the COMEX struggles to fulfill these delivery obligations, the resulting loss of confidence could trigger a significant revaluation of precious metals and a shift in price discovery away from Western futures markets.

https://markets.financialcontent.com/stocks/article/marketminute-2026-3-4-silver-market-on-edge-comex-faces-unprecedented-delivery-stress-in-march-cycle#google_vignette