New Delhi, Feb. 10 -- Silver inventories on the Shanghai Futures Exchange (SHFE) have plunged to their lowest levels in nearly a decade, underscoring growing tightness in the global physical silver market and raising alarms about global supply chains.

Latest data shows that silver available for delivery on the SHFE has declined to around 350 tonnes, the lowest level since 2015. According to CEIC data, silver inventories stood at 318.546 tonnes as of February 9, 2026, down from 349.900 tonnes reported on February 6, 2026.

This represents a steep decline of more than 88% from the all-time high of 3,091.112 tonnes recorded on January 12, 2021, highlighting the extent of the drawdown in China's exchange-held silver stocks over the past few ...