COMEX silver registered leverage is at 7.47x. For every physical ounce in the vault, ~7.5 paper contracts say they own it. Inventory at 1 year lows and draining fast. Just 14% of open interest requesting delivery wipes out the entire registered supply. X post by Mr. Uppy @MisterUppy

Posted Apr 9, 2026, 9:20 PM UTC
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