**COMEX Silver Inventory Hits 10-Month Low, But Short-Term Prices Defy Supply & Demand**

Latest COMEX data reveals a perplexing scenario for Silver. Physical inventory is aggressively draining, yet prices are moving contrary to fundamental supply and demand rules. 📉

COMEX warehouse Silver inventory has dropped by 34 million ounces from recent highs, now standing at just 415 million ounces. This marks the lowest level recorded since March 2023.

Even more notably, registered stocks – metal immediately available for delivery – have evaporated by 117 million ounces. This significant reduction highlights a growing scarcity in the physical market. ⚠️