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14.8 M Oz Of Silver Delivery Notices Hit COMEX 1St 4 Days Of Feb!

Open ornate bank vault stocked with silver bars, surrounded by flames and smoke
COMEX SILVER DELIVERIES REPORT 🏦
 
⚡️Another 190 February Silver Delivery Notices Issued Tuesday!
🚨TOTAL FEB SILVER DELIVERIES SPIKES TO 2,955 CONTRACTS- 14,775,000 oz!!
 
At the close on January 30th, Open Interest in the Feb Silver Contract was just 1,231 contracts:

Final data table dated Friday, 30 Jan 2026, with the Feb 2026 row's open interest at close of 1,231 highlighted by a red box


Yet by Tuesday- only 2 days later- 2,955 delivery notices have been issued for the February contract!

COMEX February 2026 silver futures delivery report showing 190 notices issued, 2,955 month to date, boxed in red.
 
NEARLY 3X the entire Open Interest in the Feb contract at the end of January has issued delivery notices within the first 2 trading days of February!!

Yet the OI in Feb remains at 1,051 contracts!

Preliminary futures data table dated Tuesday, February 3, 2026, with February 2026 open interest of 1,051 highlighted
 
This means that NEW LONGS are standing for IMMEDIATE DELIVERY OF PHYSICAL SILVER!
 
For the 2nd month in a row, a NON PRIMARY delivery month has seen historically MASSIVE silver delivery notices- AND IT’S ONLY THE 4TH DAY OF THE MONTH!!!

The cartel is going to be in for a WORLD OF HURT come March…

Disclosure

The SilverTrade Insider publishes market news and interviews with named analysts. Opinions expressed by contributors and interviewees are their own, and they may hold positions in the metals, miners or securities they discuss. Nothing here is investment advice.

SilverTrade is affiliated with SD Bullion, a precious-metals retailer, and SD Depository, a precious-metals storage company. Some contributors hold roles at affiliated companies. See our Editorial Policy.

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