COMEX silver withdrawals were monstrous earlier in the year...135 million in Q1/2026...23 million oz. in April -- but only 12.6 million oz. in May -- and only 5.3 million oz. in June. In July, COMEX warehouse stocks actually rose by a net 9.5 million oz. -- and in August, it was a net 5.0 million oz. added.
For the month of September, now in the history books, there were 19.457 million oz. of silver added to the COMEX -- and 23.502 million troy ounces were shipped out...a very busy month.
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