New Delhi, Feb. 12 -- Silver inventories on the Shanghai Futures Exchange (SHFE) edged up marginally after plunging to their lowest level in nearly a decade, underscoring persistent tightness in the global physical silver market.

Stockpiles of the white metal fell to a 10-year low of 318.546 tonnes on February 9. Latest data from CEIC shows that silver available for delivery on SHFE rose to 342.102 tonnes on February 11, up from 323.368 tonnes on February 10.

Despite the recent uptick, SHFE inventories remain deeply depressed compared with historical levels. Current silver inventories are nearly 89% lower than the all-time high of 3,091.112 tonnes recorded on January 12, 2021, highlighting the sharp erosion in exchange-monitored supplie...