Appearance
Metals Fundamentals
Our four target metals contracts — 1OZ (1-Ounce Gold), QO (E-mini Gold, 50 oz), QI (E-mini Silver, 2,500 oz) and SIC (100-oz Silver) — are all satellites of the COMEX benchmark GC (100-oz gold) and SI (5,000-oz silver) contracts. 1OZ launched January 13, 2025 and is financially settled to the daily settlement price of benchmark Gold futures; SIC launched February 9, 2026 and is financially settled to the daily settlement of benchmark Silver futures. That means every fundamentals dataset that moves GC/SI — warehouse stocks, delivery activity, London OTC flows, ETF creations/redemptions, central-bank buying, Asian physical premia — passes straight through to our micro-sized contracts via the settlement link, while the physically-adjacent QO/QI additionally carry their own delivery mechanics (QO E-mini Gold specs, QI E-mini Silver specs).
Precious-metals "fundamentals" differ from other commodities: mine supply and industrial demand matter less than stock movements between vaults and financial vehicles. The two visible stock systems are COMEX warehouses (daily registered/eligible reports) and the London vaulting system (LBMA monthly vault holdings, monthly clearing statistics since October 1996). Episodes like the 2020 EFP dislocation and the 2024–25 tariff-driven trans-Atlantic metal migration were visible first in exactly these datasets plus delivery notices — they drive futures/spot basis, calendar spreads, and squeeze risk in SI/GC that our contracts inherit. Layered on top: ETF holdings (GLD/SLV daily files are effectively a real-time window on Western investment demand), central-bank purchases (the structural bid of the 2022–2026 bull market, tracked monthly by the World Gold Council from IMF IFS data), and Eastern physical demand proxies (SGE benchmark premium/discount vs London, India import duty and premia).
The cost structure of this category is favorable: nearly everything is free — CME's stocks/delivery PDFs and XLS files, LBMA clearing/vault data, GLD/SLV files, Goldhub, IMF, SGE/SHFE reports, Swiss customs, India trade statistics, the World Silver Survey PDF. The two friction points are (1) access engineering, not money — CME and US Mint file URLs return 403 to datacenter IPs (verified live 2026-07-11), so scraping needs browser-like clients or residential egress; and (2) licensing, where LBMA benchmark prices require an IBA licence for valuation/pricing use (fee schedule verified in the IBA entry below) and the full LBMA-i OTC trade data is a commercial Nasdaq product. The genuinely commercial layer (Metals Focus, CPM Group, GFMS-legacy research) is annual-frequency analysis, useful for regime context but not for daily signals.
Free / official sources
CME COMEX Warehouse & Depository Stocks (Gold/Silver daily)
| Field | Value |
|---|---|
| What it is | Daily per-depository COMEX warehouse stock reports: registered, eligible and total troy ounces for Gold and Silver, published on the NYMEX/COMEX delivery notices & stocks page |
| Coverage | Deliverable stocks backing GC/SI — the settlement anchors for 1OZ, QO, QI, SIC; also copper/platinum/palladium on same page |
| Granularity | Daily snapshot, per depository, registered vs eligible split |
| History depth | Each file is point-in-time only; no free official archive — history via CME DataMine "Historical Registrar Data" or third-party aggregators (MetalCharts, GoldChartsRUs) |
| Latency / updates | Daily; third-party trackers report files "typically available by early evening US Eastern Time" (MetalCharts COMEX page) — verify exact posting time |
| Access method | Direct .xls download (Gold_Stocks.xls / Silver_stocks.xls). Caveat: URLs returned HTTP 403 to a datacenter IP with browser UA on 2026-07-11 — CME bot protection; needs browser-like session or residential egress |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.cmegroup.com/solutions/clearing/operations-and-deliveries/nymex-delivery-notices.html |
| Licensing / redistribution | CME market-data terms; internal research use tolerated in practice, redistribution restricted — Unknown — verify against CME data terms |
| Reliability caveats | Registered/eligible reclassifications can move totals without physical flow; per-depository restatements occur; must self-archive daily to build history |
| Best for | Daily deliverable-supply signal for GC/SI (and hence all four target contracts); squeeze/stress monitoring |
CME COMEX/NYMEX Metal Delivery Notices (Issues & Stops)
| Field | Value |
|---|---|
| What it is | Daily, month-to-date and year-to-date delivery notices per metal, per firm (issues = deliveries made, stops = deliveries taken): daily PDF, MTD, YTD, listed on the delivery notices page |
| Coverage | All COMEX/NYMEX metals including GC/SI (deliverable parents of our contracts); QO/QI delivery activity where applicable; 1OZ/SIC are financially settled so never appear as deliveries |
| Granularity | Daily, by clearing firm (house/customer), by contract month |
| History depth | Rolling files only (daily/MTD/YTD); older history requires self-archiving or CME DataMine |
| Latency / updates | Published each business day (run-date stamped in PDF); exact posting time Unknown — verify |
| Access method | PDF download (same 403-to-datacenter-IP caveat as stocks files, observed 2026-07-11) |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.cmegroup.com/solutions/clearing/operations-and-deliveries/nymex-delivery-notices.html |
| Licensing / redistribution | CME terms; Unknown — verify |
| Reliability caveats | PDF format requires parsing; firm-level attribution only for clearing members, not beneficial owners |
| Best for | Detecting large physical takers/makers around first notice day; delivery-cycle pressure on GC/SI spreads |
CME Registrar Reports (deliverable commodities, receipts & shipments)
| Field | Value |
|---|---|
| What it is | Registrar's Office reports: warehouse & depository stocks, deliverable commodities (registered warrants by zone), daily receipts and shipments |
| Coverage | Gold, silver, copper, platinum, palladium, aluminum, zinc, lead |
| Granularity | Daily/periodic, per depository |
| History depth | Current files on page (July 2026 observed); "Historical Registrar Data" offered through CME DataMine |
| Latency / updates | Daily/periodic; Unknown — verify exact schedule |
| Access method | Excel (.xls/.xlsx) and CSV downloads; contact registrar@cmegroup.com |
| Cost | Free for current files (as of 2026-07-11); DataMine historical is paid — Contact sales |
| Pricing page | https://www.cmegroup.com/clearing/operations-and-deliveries/registrar-reports.html |
| Licensing / redistribution | CME terms; Unknown — verify |
| Reliability caveats | Same CME bot-protection issue for automated downloads; format changes between legacy CBOT and current products |
| Best for | Cross-checking warehouse stock flows (receipts/shipments) against headline stock changes |
LBMA Gold Price & LBMA Silver Price (IBA benchmarks)
| Field | Value |
|---|---|
| What it is | The London OTC benchmarks: LBMA Gold Price set 10:30 & 15:00 London, Silver Price at 12:00 noon, administered by ICE Benchmark Administration |
| Coverage | Gold and silver benchmark auction prices in USD (GBP/EUR indicative) — the OTC reference our COMEX contracts arbitrage against |
| Granularity | Auction prints: 2×/day gold, 1×/day silver |
| History depth | Long history (fixings lineage to 1919 gold / 1897 silver via successor datasets); tabulated tables moved to the MyLBMA portal — non-members can create a free profile; Goldhub carries gold prices from 1978 |
| Latency / updates | Real-time from IBA (licensed); free access is delayed/tabulated; not published weekends/UK bank holidays |
| Access method | MyLBMA portal tables (free profile); IBA feed/vendors (licensed); ICE developer catalog |
| Cost | Free for personal viewing of tables; a licence from IBA is required to "obtain, use or redistribute real-time or historical benchmark data" for valuation/pricing/transactions (LBMA prices page); see IBA fee schedule entry below for verified fees |
| Pricing page | https://www.ice.com/iba/lbma-gold-silver-price |
| Licensing / redistribution | IBA Master Licence Agreement required for usage in valuation/pricing; redistribution via ICE Data Quote Vendor Agreement |
| Reliability caveats | Former Quandl/Nasdaq free mirror LBMA/GOLD was discontinued (~late 2023) (last data 28-Dec-2023; the documentation URL itself now returns 404) — do not build on it |
| Best for | Official AM/PM marks for London-vs-COMEX (EFP-proxy) spread features; long-history gold/silver daily series |
LBMA Clearing Statistics (monthly OTC settlement volumes)
| Field | Value |
|---|---|
| What it is | Monthly clearing statistics: daily-average volume (Moz), value (USD) and number of loco-London transfers settled by the four LPMCL clearers (HSBC, ICBC Standard, JPMorgan, UBS) |
| Coverage | Gold and silver loco-London — the OTC leg of the London–COMEX arb |
| Granularity | Monthly (daily averages) |
| History depth | Since October 1996 (unverified — start date not stated on the cited FAQ page, the clearing-data page, or the LBMA OTC Guide when fetched 2026-07-11; October 1996 corroborated only by third-party sources) |
| Latency / updates | Monthly, published in arrears — verify exact publication day |
| Access method | LBMA website tables/articles; MyLBMA portal downloads |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.lbma.org.uk/prices-and-data/clearing-data |
| Licensing / redistribution | LBMA website terms; Unknown — verify |
| Reliability caveats | Net settlement figures understate gross turnover (netting); only four clearers; methodology notes in FAQs |
| Best for | Monthly gauge of London OTC activity; long-run liquidity regime classification |
LBMA London Vault Holdings (monthly)
| Field | Value |
|---|---|
| What it is | Monthly gold and silver holdings in London vaults (Bank of England + 7 commercial custodians); June 2026: 9,464 t gold, 28,082 t silver (page viewed 2026-07-11) |
| Coverage | All physical forms (wholesale bars, coin, kilo bars) within M25 London area |
| Granularity | Monthly totals, gold and silver separately |
| History depth | From July 2016 |
| Latency / updates | Published ~5th business day of month, one month in arrears |
| Access method | Web page + downloadable Excel file |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.lbma.org.uk/prices-and-data/london-vault-data |
| Licensing / redistribution | LBMA terms; Unknown — verify |
| Reliability caveats | One-month lag blunts trading value; includes BoE (official-sector custody) so commercial float must be inferred; occasional restatements |
| Best for | The London side of the London↔New York stock migration trades; free-float estimates for silver squeezes |
SPDR Gold Shares (GLD) daily holdings & historical archive
| Field | Value |
|---|---|
| What it is | The largest gold ETF's daily data: historical archive XLSX from the GLD historical data page, plus HSBC/JPM gold bar lists |
| Coverage | GLD only, but GLD is the single best daily proxy for Western gold investment demand affecting GC → 1OZ/QO |
| Granularity | Daily; columns verified by downloading the file 2026-07-11: Date, Closing Price, Ounces of Gold per Share, NAV/Share 10:30am NYT, indicative price, mid, premium/discount, share volume, Total Ounces of Gold in the Trust, Tonnes of Gold, Total NAV |
| History depth | Inception 18-Nov-2004 through current (file downloaded 2026-07-11 ran to 09-Jul-2026; 5,645 daily rows) |
| Latency / updates | Daily after US close; archive regenerated daily |
| Access method | Direct XLSX endpoint (returned HTTP 200 to a datacenter IP on 2026-07-11 — no bot-blocking, unlike CME); bar lists as PDF/CSV |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.spdrgoldshares.com/usa/historical-data/ |
| Licensing / redistribution | WGC/State Street site terms; internal research use — Unknown — verify redistribution |
| Reliability caveats | Trade-date vs settlement-date basis differs from bar list; holdings changes reflect AP activity not retail sentiment 1:1 |
| Best for | The workhorse daily gold ETF flow series — free, complete since 2004, machine-readable |
iShares Silver Trust (SLV) daily holdings
| Field | Value |
|---|---|
| What it is | Largest silver ETF; product page shows daily "Ounces in Trust" (478,130,176.90 oz as of Jul 10, 2026, viewed 2026-07-11), Excel data download, and JPMorgan bar list |
| Coverage | SLV only; best single daily proxy for silver investment demand affecting SI → QI/SIC |
| Granularity | Daily |
| History depth | Fund inception 2006; the on-page Excel download covers NAV/price history — full historical ounces-in-trust series is not offered as a clean official file (third parties, e.g. MacroMicro, reconstruct it) — verify (unverified — MacroMicro page returned HTTP 403 to fetches on 2026-07-11) |
| Latency / updates | Daily, trade-date basis |
| Access method | Web page scrape + XLS "Data Download" + bar-list PDF |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.ishares.com/us/products/239855/ishares-silver-trust-fund |
| Licensing / redistribution | BlackRock site terms; Unknown — verify |
| Reliability caveats | Ounces-in-trust needs daily self-archiving for a proper history; trade-date vs bar-list accounting mismatch documented on page |
| Best for | Daily silver ETF flows; complement with other silver ETPs (PSLV, SIVR) for completeness |
World Gold Council Goldhub (Gold Demand Trends, central banks, ETFs, premia)
| Field | Value |
|---|---|
| What it is | WGC's data portal (gold.org/goldhub/data): quarterly Gold Demand Trends with Excel tables, gold reserves by country from IMF IFS, monthly central-bank statistics posts, global gold-ETF holdings/flows, prices from 1978, local premiums/discounts for India & China, mine production, AISC costs, above-ground stocks |
| Coverage | Gold globally (demand by sector/country, official sector, 100+ ETFs); directly relevant to 1OZ/QO; no silver |
| Granularity | Quarterly (GDT), monthly (central banks, ETF Excel), weekly (ETF flows, posted Mondays) |
| History depth | Demand/supply series decades-long; ETF series ~2003+; prices from 1978 — verify per dataset |
| Latency / updates | GDT quarterly; ETF weekly data "Monday of the following week"; monthly Excel "within one week of month-end"; IMF-sourced reserve data ~2 months in arrears |
| Access method | Web + Excel/PDF downloads; some datasets prompt free registration — verify per file |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.gold.org/goldhub/data |
| Licensing / redistribution | WGC terms; underlying demand estimates produced with Metals Focus — redistribution restricted; Unknown — verify |
| Reliability caveats | Central-bank data limited by IMF reporting lags and unreported buying (e.g., partial PBoC disclosure); GDT revisions between quarters |
| Best for | One-stop gold fundamentals: official-sector flow tracking, global ETF flows beyond GLD, India/China premium context |
IMF Data Portal — IFS / IRFCL official gold reserves
| Field | Value |
|---|---|
| What it is | IMF's data portal with IRFCL (International Reserves and Foreign Currency Liquidity) and IFS datasets carrying monthly official reserve assets including gold (volume and USD value), with a REST API |
| Coverage | All reporting member countries' official gold holdings — the raw feed behind WGC central-bank statistics |
| Granularity | Monthly (some quarterly reporters) |
| History depth | Decades (per-country); IRFCL template data ~2000+ — verify per country |
| Latency / updates | ~2 months in arrears for most reporters; late reporters longer (WGC methodology note) |
| Access method | Web download + JSON API (e.g., CompactData/IRFCL queries; support datahelp@imf.org) |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://data.imf.org/en |
| Licensing / redistribution | IMF data terms — generally free reuse with attribution; Unknown — verify |
| Reliability caveats | Self-reported; some central banks under-report or report with long lags; portal/API migrated in 2024–25 (old sdmx endpoints deprecated) — verify current endpoint syntax |
| Best for | Point-of-truth official-sector gold series for research; cross-check on WGC numbers |
Shanghai Gold Exchange (SGE) — benchmark price & reports
| Field | Value |
|---|---|
| What it is | SGE English data portal: Shanghai Gold Benchmark Price (SHAU) daily chart, Silver benchmark, daily, weekly, monthly and annual trading reports |
| Coverage | Chinese onshore gold/silver: benchmark fixes (RMB/gram, 1 kg 99.99% lots, AM/PM since April 2016), volumes, deliveries; vault withdrawals (Chinese wholesale demand proxy) appear in monthly reports after weekly publication stopped in 2016 |
| Granularity | Twice-daily benchmark; daily/weekly/monthly reports |
| History depth | Benchmark from April 2016; reports archive on site — verify depth |
| Latency / updates | Same-day for benchmark; monthly reports lag ~weeks |
| Access method | Web pages (English site); no documented API; site is IE-era and flaky from outside China — scraping fragile |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://en.sge.com.cn/data_BenchmarkPrice |
| Licensing / redistribution | SGE terms; Unknown — verify |
| Reliability caveats | English site availability issues (DNS failure observed for www. subdomain 2026-07-11; en.sge.com.cn worked); withdrawal figures' interpretation contested; commercial mirrors: CEIC, Kitco Shanghai fix page, MetalCharts SGE |
| Best for | Computing the Shanghai–London/COMEX premium (Chinese demand signal that leads/lags gold rallies) |
Shanghai Futures Exchange (SHFE) — gold/silver warehouse stocks
| Field | Value |
|---|---|
| What it is | SHFE English reports section with weekly warehouse stock data and daily data for gold and silver futures |
| Coverage | Chinese exchange inventories — third leg of the global visible-stock triangle (COMEX + LBMA + SHFE/SGE) |
| Granularity | Weekly stocks (Friday); daily trading data |
| History depth | Years of archives on site — verify depth; long series via CEIC (SHFE silver stock series) |
| Latency / updates | Weekly publication after Friday close (Beijing time) |
| Access method | Web download from SHFE English site (unverified — page served only a WAF human-verification challenge to our datacenter IP on 2026-07-11); free aggregator MetalCharts SHFE |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.shfe.com.cn/eng/reports/ |
| Licensing / redistribution | SHFE terms; Unknown — verify |
| Reliability caveats | English pages lag Chinese; site structure changes; units in tonnes/kg (convert to oz) |
| Best for | Detecting East–West silver/gold stock migration (e.g., SHFE silver drawdowns during 2024–26 squeeze episodes) |
JPX / Osaka Exchange (ex-TOCOM) precious metals
| Field | Value |
|---|---|
| What it is | Japanese gold/silver futures — Gold Standard Futures moved from TOCOM to OSE in July 2020; daily reports (OSE, TOCOM) as ZIP downloads |
| Coverage | JPY-denominated gold (and related mini/options) — venue for yen-gold basis and Asian-hours flow context; not a stocks/fundamentals source per se |
| Granularity | Daily settlement, volume, open interest files |
| History depth | Archive of daily reports on JPX site — verify depth |
| Latency / updates | EOD daily; real-time is a paid service requiring an Information Provision Agreement |
| Access method | ZIP/CSV downloads from statistics pages (free EOD); paid feed for real-time |
| Cost | Free EOD statistics; real-time Contact sales (as of 2026-07-11) |
| Pricing page | https://www.jpx.co.jp/english/markets/paid-info-derivatives/realtime/index.html |
| Licensing / redistribution | JPX data licence for redistribution/real-time |
| Reliability caveats | JPX site returned 403 to our fetch of one landing page (bot protection) while statistics URLs are indexed — verify programmatic access; contract in JPY/gram |
| Best for | Yen-gold cross-market confirmation; Asia-session positioning context for 1OZ/QO overnight moves |
India — TRADESTAT gold imports, import-duty tracking, IBJA prices
| Field | Value |
|---|---|
| What it is | Official Indian trade statistics via TRADESTAT commodity-wise imports (Ministry of Commerce/DGCI&S), duty-change analysis via WGC (duty cut 15%→6% effective 24 July 2024), and daily benchmark local prices from IBJA (Gold 999/995 AM & PM, Silver 999) |
| Coverage | World's #2 gold consumer: monthly import values/volumes (HS 71 gold), duty regime, domestic price benchmark used by RBI for sovereign gold bonds |
| Granularity | Monthly imports; daily AM/PM IBJA rates (business days) |
| History depth | TRADESTAT commodity-wise from fiscal year 2017–18 only — the portal's year dropdown offers 2017-18 through 2025-26 (as of 2026-07-11); IBJA rates multi-year PDF archives |
| Latency / updates | Trade data ~2–7 weeks after month-end (EIDB last updated 19/05/2026 per portal); IBJA intraday twice daily |
| Access method | TRADESTAT web query forms (no API — scraping required); IBJA website/PDFs; unofficial India gold rates API exists — unvetted |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://tradestat.commerce.gov.in/eidb/commodity_wise_import |
| Licensing / redistribution | Government of India open data; IBJA terms Unknown — verify |
| Reliability caveats | Import data revisions; smuggling flows invisible (duty-sensitive); Reuters-reported dealer premia/discounts are the higher-frequency demand signal but are behind Reuters licensing |
| Best for | Monthly Indian physical demand; duty-change event risk (budget days move world gold via import elasticity); local premium/discount construction vs LBMA price |
Swiss Federal Customs (BAZG) — Swiss-Impex gold trade flows
| Field | Value |
|---|---|
| What it is | Switzerland is the world's refining hub; BAZG publishes foreign trade statistics for gold, silver and coins with the free SwissImpex database/dashboard (new version live since December 2025) |
| Coverage | Monthly gold/silver imports & exports by 8-digit tariff line and counterparty country — the best public tracker of physical metal flows between London, Switzerland, China, India, US |
| Granularity | Monthly, by country and tariff number |
| History depth | Monthly since 1988 by tariff number and country; gold-by-country aggregates from 2021 on I14Y platform |
| Latency / updates | Monthly, ~3 weeks after month-end — verify exact schedule |
| Access method | SwissImpex dashboard, I14Y/opendata.swiss bulk downloads (CSV) |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.bazg.admin.ch/en/swiss-foreign-trade-statistics-database-opendata |
| Licensing / redistribution | Open use with source attribution; commercial use requires permission of the data owner (opendata.swiss terms, verified 2026-07-11) |
| Reliability caveats | Tariff-line mapping needed (7108.x); re-exports vs refining throughput ambiguity; free aggregator WatchGold charts this data |
| Best for | Confirming East–West physical migration seen in COMEX/LBMA stocks; monthly flow direction between hubs |
Silver Institute — World Silver Survey & supply/demand tables
| Field | Value |
|---|---|
| What it is | Annual World Silver Survey, published since 1990, researched and produced by Metals Focus; plus supply & demand summary tables on the website |
| Coverage | Global silver: mine production, recycling, industrial demand (incl. PV), jewelry, investment, ETPs, above-ground stocks — the canonical silver fundamentals for QI/SIC |
| Granularity | Annual (survey); interim press updates |
| History depth | PDFs downloadable back to a 1950–1990 retrospective volume, then annually 1991→current |
| Latency / updates | Published each April (verify month for 2026 edition) |
| Access method | PDF downloads from website |
| Cost | Free PDFs (as of 2026-07-11); print/companion items may be sold — verify |
| Pricing page | https://www.silverinstitute.org/all-world-silver-surveys/ |
| Licensing / redistribution | Copyright Silver Institute/Metals Focus; quote with attribution; no redistribution of tables |
| Reliability caveats | Annual estimates with revisions; "market balance" concepts contested; data is Metals Focus's, so consistency with their paid services, not with CPM Group's numbers |
| Best for | Silver supply/demand regime context (structural deficits 2021+ narrative); calibrating long-horizon priors, not daily signals |
USGS National Minerals Information Center — gold & silver statistics
| Field | Value |
|---|---|
| What it is | USGS gold statistics: annual Mineral Commodity Summaries (1996–2026), Minerals Yearbook (Excel), monthly Mineral Industry Surveys; matching silver pages |
| Coverage | US and world mine production, prices, apparent consumption for gold and silver |
| Granularity | Annual (MCS/Yearbook), monthly (MIS) |
| History depth | MCS 1996–2026 online; Yearbook volumes 1994–2022 |
| Latency / updates | Annual; monthly MIS posting "temporarily paused" pending data-platform transition, December 2025 latest posted (page viewed 2026-07-11) |
| Access method | Free PDF/XLSX downloads |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.usgs.gov/centers/national-minerals-information-center/gold-statistics-and-information |
| Licensing / redistribution | US government public domain |
| Reliability caveats | Slow cadence; MIS pause creates a current-data hole; production data revised |
| Best for | Clean public-domain mine-supply series for features/priors; cross-check on WGC/Metals Focus supply numbers |
Mint bullion sales — US Mint & Perth Mint (retail demand proxies)
| Field | Value |
|---|---|
| What it is | US Mint bullion sales figures (American Eagle gold/silver ounces sold to APs, with tidy CSVs); Perth Mint monthly sales updates (gold/silver ounces shipped), tracked historically by CoinNews |
| Coverage | Western retail coin/bar demand — leading indicator for the retail bid CME explicitly cited when launching 1OZ and SIC |
| Granularity | Monthly (both mints); US Mint site says bullion figures updated quarterly in bulk files — verify |
| History depth | US Mint program data to 1986 (Eagles); Perth Mint monthly series ~2012+ via blog/CoinNews — verify |
| Latency / updates | US Mint rolling; Perth Mint ~mid following month |
| Access method | US Mint web pages + CSV (CSV returned 403 to datacenter IP on 2026-07-11 — same scraping caveat as CME); Perth Mint blog posts (scrape) |
| Cost | Free (as of 2026-07-11) |
| Pricing page | https://www.usmint.gov/about/production-sales-figures/bullion-sales |
| Licensing / redistribution | US Mint public domain; Perth Mint site terms Unknown — verify |
| Reliability caveats | AP-channel sales ≠ retail sell-through; supply-constrained months look like demand collapses; Perth Mint data is blog-format (parsing) |
| Best for | Monthly retail-demand factor; notable regime signal (e.g., Silver Eagle sales hitting zero in May 2026 per FindBullionPrices) |
Monetary Metals — MM GOFO™ / lease rates (GOFO successor)
| Field | Value |
|---|---|
| What it is | LBMA discontinued GOFO on 30 January 2015; Monetary Metals publishes proprietary daily gold/silver forward rates (MM GOFO™/MM SIFO™) and lease rates derived from public market data, plus basis/cobasis charts on its data-science charts page |
| Coverage | Gold and silver funding/scarcity indicators — the only regularly published GOFO-like series |
| Granularity | Daily |
| History depth | Unknown — verify (their basis series reportedly extends 1996+) |
| Latency / updates | Updated daily (per their chart-licensing announcements) |
| Access method | Website charts (free); licensed chart syndication (e.g., Goldseiten); raw-data download/API Unknown — verify |
| Cost | Free charts (as of 2026-07-11); data licensing Contact sales |
| Pricing page | https://www.monetary-metals.com/data-science-charts/ |
| Licensing / redistribution | Proprietary; chart embedding by licence |
| Reliability caveats | Model-derived, not transacted rates; firm has commercial interest in gold-yield products; alternative: compute implied lease from COMEX futures curve minus SOFR yourself |
| Best for | Scarcity/backwardation features for gold and silver (squeeze detection feeding SI→SIC/QI) |
MetalCharts.org (free aggregator: COMEX, LBMA, SHFE, SGE)
| Field | Value |
|---|---|
| What it is | Free dashboard aggregating COMEX registered/eligible inventories and deliveries, LBMA vault + clearing data, SHFE inventory, SGE trading/benchmark, premiums and COT |
| Coverage | Exactly this category's core datasets, pre-joined; gold + silver |
| Granularity | Daily (COMEX), weekly (SHFE), monthly (LBMA) |
| History depth | Long-term trend charts; raw download depth Unknown — verify |
| Latency / updates | COMEX "typically available by early evening US Eastern Time" per site |
| Access method | Web charts; no documented API/download — verify |
| Cost | Core free; Premium $90/year (portfolio + terminal), Ad-Free $50/year — pricing page viewed as of 2026-07-11 |
| Pricing page | https://metalcharts.org/pricing |
| Licensing / redistribution | Site terms; it is a re-publisher — not a licensed source for redistribution |
| Reliability caveats | Third-party scrape of primary sources — verify against primaries before production use; no SLA |
| Best for | Fast visual monitoring and sanity-checking your own scrapers of CME/LBMA/SHFE primaries |
Commercial sources
ICE Benchmark Administration (IBA) — LBMA price licensing & feeds
| Field | Value |
|---|---|
| What it is | Administrator of LBMA Gold/Silver Prices; sells real-time/historical benchmark data and usage licences |
| Coverage | LBMA Gold Price (2×/day), LBMA Silver Price (1×/day) |
| Granularity | Auction results + intraday auction rounds (licensed) |
| History depth | Full benchmark history (and predecessor fixings) via licensed feeds/vendors |
| Latency / updates | Real-time (licensed); intraday = 4-hour delay tier; delayed = after midnight UK |
| Access method | ICE feeds, developer catalog, market-data vendors |
| Cost | From the IBA Licensing and Data Fee Schedule 2025 PDF (downloaded and read 2026-07-11): Gold usage licence $30,000/yr financial institution, $17,000 central bank, $8,000 non-financial; Silver usage $15,000 / $8,000 / $4,000; redistribution (gold) $33,000/yr + $33/end-user/month real-time, $24,000/yr intraday (4-hr delay), $9,000/yr delayed; silver redistribution $33,000 + $28/user/mo. 2026 schedule URL not yet live (404 on 2026-07-11) — verify for updates |
| Pricing page | https://www.ice.com/publicdocs/IBA_Licensing_Data_Fee_Schedule_2025.pdf |
| Licensing / redistribution | Master Licence Agreement (usage), ICE Data Quote Vendor Agreement (redistribution); usage licence triggered by valuation/pricing/reference-rate use even of historical data |
| Reliability caveats | Fee schedule revised annually; whether pure internal backtesting counts as licensable "valuation and pricing activities" is a legal-review question |
| Best for | Only needed if LBMA prices become a settlement/valuation input in production; for research, free delayed tables suffice |
Nasdaq — LBMA-i Trade Data (full OTC transparency dataset)
| Field | Value |
|---|---|
| What it is | LBMA Trade Data operated by Nasdaq under licence from LBMA: mandatory trade reporting by LBMA members — spot, swap/forward, options, loan/lease/deposit volumes |
| Coverage | London OTC gold & silver (plus Pt/Pd) — the hidden half of global gold turnover |
| Granularity | Daily and weekly aggregates by product/tenor |
| History depth | Since reporting began November 2018 — verify |
| Latency / updates | Weekly headline (free on LBMA site, e.g. 12-week moving averages viewed 2026-07-11: gold $968.94bn, silver $167.59bn); full granular data on subscription |
| Access method | Nasdaq, Bloomberg (ALLX LBWU), LSEG Eikon (LBMA TRADE) |
| Cost | Contact sales (as of 2026-07-11); no public price list |
| Pricing page | https://www.nasdaq.com/LBMA-Trade-Data |
| Licensing / redistribution | Nasdaq/LBMA data licence; redistribution restricted |
| Reliability caveats | Aggregated (no counterparty detail); methodology changes since 2018; weekly free tier is enough for most factor work |
| Best for | OTC volume/turnover features; validating whether COMEX moves are echoed in London flow |
Metals Focus (Gold Focus, World Silver Survey research, data services)
| Field | Value |
|---|---|
| What it is | Independent precious-metals consultancy: annual Gold Focus, produces the Silver Institute's World Silver Survey, five-year quarterly forecasts, mine cost services, doré flow tracking, weekly updates, India-focused reports |
| Coverage | Gold + silver supply/demand at country/sector level; also underpins WGC Gold Demand Trends |
| Granularity | Annual flagship + quarterly forecast + weekly commentary; bespoke datasets |
| History depth | Their databases extend decades — Unknown — verify |
| Latency / updates | Annual/quarterly/weekly per product |
| Access method | Client portal, PDF/Excel deliverables |
| Cost | Contact sales (as of 2026-07-11); no pricing published on site |
| Pricing page | https://www.metalsfocus.com/ |
| Licensing / redistribution | Subscription licence; no redistribution |
| Reliability caveats | Estimate-based (physical markets are opaque); differs materially from CPM Group on some balances |
| Best for | Institutional-grade supply/demand baselines if budget allows; otherwise their free previews + WGC/Silver Institute publications carry the same numbers |
CPM Group (Gold/Silver Yearbooks, consulting)
| Field | Value |
|---|---|
| What it is | NY-based commodities research firm; annual Gold Yearbook and Silver Yearbook with long-run supply/demand/inventory statistics; independent methodology vs Metals Focus |
| Coverage | Gold, silver (also PGMs): mine production, secondary supply, fabrication, investment, market balances, historical prices |
| Granularity | Annual publications; underlying data services bespoke |
| History depth | Yearbook statistical series span decades (some to 1960s–70s) — verify |
| Latency / updates | Yearbooks each spring (2026 Gold Yearbook launched at March/April seminar) |
| Access method | E-book/PDF purchase from store |
| Cost | Contact sales — cpmgroup.com returned HTTP 403 to our fetches on 2026-07-11 (bot-blocked), so price not verified on live page; search-indexed store listing showed Gold Yearbook 2026 at $170 (e-book) — unofficial, verify |
| Pricing page | https://cpmgroup.com/store/cpm-gold-yearbook-2026/ |
| Licensing / redistribution | Single-user e-book licence; no redistribution |
| Reliability caveats | Different definitions from Metals Focus/WGC (e.g., treatment of investment demand) — don't mix vendors' series in one model without reconciliation |
| Best for | Cheap second opinion on silver/gold balances; deep historical statistical annexes |
GoldChartsRUs / Sharelynx (Nick Laird) — historical metals data warehouse
| Field | Value |
|---|---|
| What it is | GoldChartsRUs: 7,000+ pages / 50,000+ charts updated daily — long-run COMEX warehouse stocks, ETF/"transparent" metal holdings totals, COT, lease rates, mint sales, premiums; sells underlying datasets à la carte ("Gold Market Data") |
| Coverage | Precisely the hard part of this category: deep history for series whose official sources publish point-in-time files only (COMEX stocks, ETF holdings aggregates) |
| Granularity | Daily for most series |
| History depth | Decades (COMEX stocks reportedly to 1970s–90s) — Unknown — verify per series |
| Latency / updates | Daily update service offered |
| Access method | Subscription website (charts) + purchased CSV datasets |
| Cost | Contact sales (as of 2026-07-11) — described on site as "low-cost annual subscription," specific prices not displayed on homepage; historical community reports ~US$200/yr (unofficial) |
| Pricing page | https://www.goldchartsrus.com/ |
| Licensing / redistribution | Personal-use subscription; dataset purchases for internal use; no redistribution |
| Reliability caveats | One-man operation (key-person risk); provenance/QA of stitched histories must be spot-checked against primary archives |
| Best for | Buying 20+ years of COMEX warehouse-stock and ETF-holdings history in one transaction instead of scraping forward from today |
CME DataMine — historical registrar / warehouse & delivery data
| Field | Value |
|---|---|
| What it is | CME's historical data store (datamine.cmegroup.com); the registrar reports page directs users to DataMine for "Historical Registrar Data" |
| Coverage | Historical COMEX warehouse stocks, deliverable commodities, receipts/shipments; plus the whole CME historical market-data catalog |
| Granularity | Daily historical files |
| History depth | Unknown — verify (varies by dataset) |
| Latency / updates | Historical batch |
| Access method | DataMine web/API, S3-style downloads |
| Cost | Contact sales / per-dataset pricing (as of 2026-07-11) |
| Pricing page | https://datamine.cmegroup.com |
| Licensing / redistribution | CME data licence; internal use; redistribution extra |
| Reliability caveats | Registrar datasets are a niche corner of DataMine — confirm exact product name/coverage with CME rep before budgeting |
| Best for | Authoritative backfill of warehouse-stock/delivery history if GoldChartsRUs provenance is deemed insufficient |
CEIC / Argus / Fastmarkets — Asian stocks & premia mirrors (assessed data)
| Field | Value |
|---|---|
| What it is | Commercial mirrors and assessments where primaries are hard to scrape: CEIC SGE benchmark series and SHFE warehouse-stock series; Argus SHFE silver warehouse stocks price page; Fastmarkets/Reuters assess regional bullion premia (India dealer premium/discount, kilobar premia) |
| Coverage | China/India physical-market series in clean API form |
| Granularity | Daily/weekly/monthly per series |
| History depth | CEIC SGE benchmark 2016→current; SHFE stock series multi-year |
| Latency / updates | Next-day typically |
| Access method | CEIC platform/API; Argus/Fastmarkets platforms |
| Cost | Contact sales (as of 2026-07-11) for all three |
| Pricing page | https://www.ceicdata.com/en |
| Licensing / redistribution | Vendor licences; no redistribution |
| Reliability caveats | Re-published/assessed data — premium assessments are judgment-based; expensive relative to scraping the free primaries |
| Best for | Buying reliability for the China/India premium feature set if free-scrape maintenance proves too costly |
LSEG (Refinitiv, ex-GFMS) — precious metals research & Eikon data
| Field | Value |
|---|---|
| What it is | Legacy GFMS gold/silver survey franchise absorbed into LSEG; Eikon/Workspace carries LBMA-i (LBMA TRADE app), Reuters India premium/discount reporting, and metals fundamentals content. Current standalone GFMS survey status Unknown — verify |
| Coverage | Gold/silver supply-demand estimates, OTC data mirrors, physical-premium news wires |
| Granularity | Mixed: annual research, daily news-based premia |
| History depth | GFMS survey lineage to 1967 (Gold Survey) — Unknown — verify current availability |
| Latency / updates | Platform real-time/daily |
| Access method | LSEG Workspace/Eikon subscription |
| Cost | Contact sales (as of 2026-07-11); terminal-bundled |
| Pricing page | https://www.lseg.com/en/data-analytics |
| Licensing / redistribution | LSEG terms; no redistribution |
| Reliability caveats | GFMS-branded annual surveys were discontinued/rebranded after 2019 — verify what fundamentals content still exists before paying |
| Best for | Shops already paying for Workspace; India premium wire coverage |
Summary table
| Source | Free tier? | Entry cost | Best for |
|---|---|---|---|
| CME warehouse stocks (Gold/Silver .xls) | Yes | Free (scraping engineering needed) | Daily deliverable stocks behind GC/SI |
| CME Issues & Stops delivery notices | Yes | Free | Delivery-cycle pressure, big stoppers |
| CME Registrar Reports | Yes | Free (history via DataMine, paid) | Receipts/shipments cross-check |
| LBMA Gold/Silver Prices (via MyLBMA) | Yes (delayed tables) | Free; IBA licence $8k–$30k/yr for usage | Official London marks |
| LBMA Clearing Statistics | Yes | Free | Monthly OTC settlement volumes (since Oct 1996 — unverified) |
| LBMA London Vault Holdings | Yes | Free | London stock levels since 2016 |
| GLD historical archive (SPDR) | Yes | Free | Daily gold ETF holdings since 2004 |
| SLV daily holdings (iShares) | Yes | Free | Daily silver ETF holdings |
| WGC Goldhub (GDT, CB stats, ETF flows, premia) | Yes | Free | Gold demand, central banks, global ETFs |
| IMF Data Portal (IFS/IRFCL) | Yes | Free | Official gold reserves, monthly, API |
| SGE benchmark & reports | Yes | Free | Shanghai premium, Chinese demand |
| SHFE weekly stocks | Yes | Free | Chinese exchange inventories |
| JPX/OSE daily reports | Yes (EOD) | Free; real-time contact sales | Yen-gold context |
| India TRADESTAT + IBJA | Yes | Free | Indian imports, duty, local prices |
| Swiss BAZG SwissImpex | Yes | Free | Physical flow routing via Switzerland |
| Silver Institute World Silver Survey | Yes | Free PDFs | Silver S/D baseline |
| USGS NMIC | Yes | Free | Mine supply, public domain |
| US Mint / Perth Mint sales | Yes | Free | Retail coin/bar demand proxy |
| Monetary Metals MM GOFO/lease rates | Yes (charts) | Free; data licence contact sales | GOFO-successor scarcity signal |
| MetalCharts.org | Yes | Free; $50–$90/yr premium (as of 2026-07-11) | Aggregated monitoring |
| IBA (ICE) benchmark licensing | No | $8k–$33k/yr tiers (2025 schedule, verified) | Production licensing of LBMA prices |
| Nasdaq LBMA-i full trade data | Weekly summary free | Contact sales | OTC volumes by product |
| Metals Focus | Previews only | Contact sales | Institutional S/D data |
| CPM Group Yearbooks | No | ~$170/yearbook (unofficial, site gated) | Independent second opinion |
| GoldChartsRUs / Sharelynx | Samples | Contact sales (~$200/yr unofficial) | Deep history backfill |
| CME DataMine (registrar history) | No | Contact sales | Authoritative stock/delivery history |
| CEIC / Argus / Fastmarkets | No | Contact sales | China/India series with SLA |
| LSEG (ex-GFMS) | No | Contact sales | Terminal-bundled fundamentals |