COMEX silver inventories hit their lowest level since March last year, potentially triggering a silver short squeeze.

Reported by Bijie Network: According to Bijie Network, on January 29, The Kobeissi Letter reported that COMEX silver inventories have dropped by 34 million ounces from their peak to 415 million ounces, reaching the lowest level since March 2025. The silver short squeeze battle is in full swing. Analysis indicates that the decline in silver inventories suggests strong physical demand, as short sellers are finding it difficult to obtain physical silver to settle their futures contracts. When these traders cannot find enough physical silver to purchase, they are forced to pay higher prices demanded by sellers. This will further drive up silver prices, forcing more traders to buy in to avoid losses, thereby further tightening market conditions.