Loading ...Yes, based on data from March 2026, there is extremely high demand for the delivery of precious metals, particularly surrounding the COMEX March 2026 delivery cycle.
- High Delivery Volume: By the First Notice Day in March 2026, more than 10,500 contracts stood for delivery in silver, with demand exceeding 60% of all registered inventory in a single day, a trend putting immense pressure on physical supplies and affecting the broader precious metals market, including gold.
- Gold Market Strength: Gold has seen intense demand, with prices scaling past $5,000/oz in early 2026, driven by persistent buying from central banks and investors seeking a hedge against global economic uncertainty.
- Record Trading Activity: The 1-Ounce Gold contract (1OZ) posted its highest monthly average daily volume (ADV) and average daily open interest (ADOI) since its launch in March 2026.
- Concerns on Supply: The market has experienced extreme volatility due to the imbalance between high paper demand and limited physical supply in the March 2026 cycle.
While March 31, 2026, marks the end of the first quarter, the overall trend for March 2026 has been characterized as having a “very high” volume of delivery requests for physical metals.