New Delhi, May 14 -- Silver inventories on COMEX have dropped below 80 million ounces, a level that is likely to heighten the risk of a physical delivery squeeze.

COMEX registered silver inventories stood at 79,968,749.314 ounces as of May 12-end, while eligible silver inventory was recorded at 233,206,562.518 ounces. The total combined inventory stood at 313,175,311.832 ounces, data showed.

This marks a sharp 41% decline from the 532 million ounces recorded in October 2025.

Analysts believe the fall in COMEX registered silver inventories below the 80-million-ounce mark represents a critical turning point for the global silver market.

"Since the 'Silver Squeeze' began in 2021, these stocks - representing the actual metal available for...