Silver Surge Alert: COMEX Delivery Squeeze Hits 38 Percent Jump as Vaults Scramble to Meet Demand
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This is your Silver podcast.
Hey everyone, welcome to another episode of Daily Silver Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the hottest silver news as the spot price climbs to 73.70 per ounce, up 0.07 or 0.10 percent according to Kitco's live charts. Other spots like Golden Eagle Coins show it at 74.99, up nearly a percent, while Monex lists 74.34 with a solid gain.
Yesterday's action was wild on April 30th, First Notice Day for May contracts. Silver opened at 71.66, spiked to 74.28, and COMEX saw massive demand with 4,580 contracts or 22.9 million ounces standing for delivery, blowing past April's total of just 16.6 million ounces. That's a 38 percent jump on day one alone, with 6,299 contracts or 31.5 million ounces still open per CME Group data. Vaults shifted too, registered silver up 3.8 million ounces to 79.6 million, but eligible dropped the same amount, signaling they topped up to meet demand.
Oil's at 126 a barrel, a four-year high from Brent crude, tied to supply shocks and tensions, pushing industrial silver demand while pressuring paper prices via Fed rate holds. Shanghai's premium hit 8.97 over Western spot, showing strong physical buying in the top consumption hub.
The COMEX stress index is at 49, heating up for what could be the second-intense delivery month of 2026. For holders, physical stacks confirmed tight supply, SLV tracks the rebound, and leveraged plays like AGQ amplified the 3.4 percent intraday move.
Keep an eye on vaults at GoldSilver.ai, open interest, and oil prices. Whether stacking bars, coins, or ETFs, this delivery squeeze screams opportunity amid volatility.
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