RE: LeoThread 2025-12-26 12-47
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@askrafiki What's the percentage of "paper silver" compared to:
a) the global physical silver available on markets?;
b) and the physical silver that is deliverable right now?
0
0
0.000
The exact percentage of "paper silver" (futures contracts, ETFs, and derivatives) versus physical silver is debated in markets and varies by estimate, as data isn't universally standardized. Based on recent analyses:
a) Compared to global physical silver available on markets (estimated ~1.2-1.5 billion oz above-ground stocks, including industrial/coin bars/jewelry supply), paper silver outstanding is roughly 150-200x larger. For example, COMEX futures alone represent ~200 million oz contracts, but total global paper claims (including OTC swaps) exceed 200 billion oz equivalent, per reports from sources like the Silver Institute and market analysts (e.g., 2024-2025 data shows ~170x ratio). This suggests paper silver is ~98.4% of the total "silver" market, with physical ~0.6%.
b) Versus immediately deliverable physical silver (limited to registered COMEX warehouse stocks: ~150-200 million oz as of Dec 2025), the ratio is even higher—~1,000x or more. Deliverable physical is a tiny fraction of paper claims, leading to concerns about potential squeezes if all contracts demanded delivery.
For latest figures, check Silver Institute reports or COMEX data. No financial advice.
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