As of July 25, 2025, the total stock of silver on the COMEX was recorded at 500,320,749.28 troy ounces, representing an increase of 2,516,575.38 troy ounces, or a 0.50% rise, from the previous day. In the most recent week, silver stocks on the COMEX have increased by a cumulative total of 3,076,804.43 troy ounces, a 0.62% rise. Over the past month, silver stocks on the COMEX have decreased by a cumulative total of 1,621.41 troy ounces, a 0.00% decline. Historical data shows that since July 27, 2022, the total stock of silver on the COMEX has ranged from a high of 504,719,463.15 troy ounces to a low of 265,926,651.73 troy ounces. The average value has been 321,317,716.83 troy ounces. The current inventory of 500,320,749.28 troy ounces is 35.78% higher than the average.
As of July 25, 2025, the total stock of silver on the COMEX reached 500,320,749.28 troy ounces, marking a significant increase of 2,516,575.38 troy ounces, or a 0.50% rise, from the previous day [1]. This uptick is part of a broader trend, as silver stocks on the COMEX have increased by a cumulative total of 3,076,804.43 troy ounces over the most recent week, representing a 0.62% rise. However, over the past month, silver stocks on the COMEX have decreased by a cumulative total of 1,621.41 troy ounces, which is a 0.00% decline.
Historically, the total stock of silver on the COMEX has ranged from a high of 504,719,463.15 troy ounces to a low of 265,926,651.73 troy ounces since July 27, 2022 [2]. The average value of the inventory during this period has been 321,317,716.83 troy ounces. The current inventory of 500,320,749.28 troy ounces is 35.78% higher than this average.
The surge in COMEX silver inventory coincides with a broader trend of rising precious metal prices. Silver prices in the national capital surged by Rs 4,000 to hit a record high of Rs 1,18,000 per kilogram on July 23, 2025 [3]. This price surge is primarily driven by industrial demand and overall market sentiment.
The increase in COMEX silver inventory is also linked to market uncertainty, particularly in the precious metals sector. Freeport-McMoRan Inc., a major producer of copper and gold, reported better-than-expected second-quarter results, driven by strong sales volumes and favorable pricing [4]. This underscores the importance of precious metals in the current economic climate, where global uncertainty and geopolitical risks drive investor demand for safe-haven assets.
Investors and financial professionals should closely monitor the COMEX silver inventory and the broader market trends in precious metals. The recent surge in inventory and the volatile price movements highlight the need for a cautious approach to investing in this sector. As always, it is essential to stay informed about the latest market developments and adjust investment strategies accordingly.
References:
[1] https://www.morningstar.com/news/dow-jones/202507256662/comex-silver-ends-the-week-015-lower-at-38167-data-talk
[2] https://www.ainvest.com/news/comex-silver-stocks-222339-45-oz-jul-23-previous-day-2507/
[3] https://www.etnownews.com/personal-finance/precious-metals-on-fire-rs-1-lakh-gold-and-soaring-silver-whats-behind-the-price-surge-article-152332999
[4] https://www.benzinga.com/markets/earnings/25/07/46579173/freeport-mcmoran-copper-and-gold-volumes-shine-ceo-touts-china-india-as-major-demand-driver
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