Data Sources & Methodology

Silver Dominion publishes market data, charts, trackers, and analysis covering gold, silver, physical precious metals markets, futures positioning, inventories, regional pricing, mining, and macroeconomic conditions.

Our goal is to make complex market information easier to follow while remaining transparent about where the data comes from and how it should be interpreted.

Our Approach to Data

We prioritize primary and official data sources whenever they are available.

Depending on the specific tool, chart, or analysis, sources may include:

  • CME Group and COMEX
  • Commodity Futures Trading Commission (CFTC)
  • London Bullion Market Association (LBMA)
  • Shanghai Futures Exchange (SHFE)
  • central banks and monetary authorities
  • national statistical agencies
  • government ministries and customs authorities
  • company reports and regulatory filings
  • recognized precious metals and mining industry organizations
  • established financial and economic databases

The exact source used for a particular dataset may be displayed directly within the relevant Silver Dominion tool or page.

Precious Metals Prices

Gold and silver prices may vary slightly between exchanges, data providers, trading venues, currencies, and timestamps.

Prices displayed on Silver Dominion should therefore be viewed as market reference prices rather than guaranteed executable prices.

Physical bullion prices may differ from spot prices because of dealer premiums, taxes, fabrication costs, shipping, local supply and demand, and other market conditions.

Physical Market Premiums

Regional premiums and discounts can provide useful information about local physical market conditions.

They should not, however, be interpreted in isolation.

Differences between international and regional prices can be affected by currencies, import duties, taxes, transportation costs, market structure, local demand, trading hours, and regulatory conditions.

Where possible, Silver Dominion presents these figures alongside the relevant international benchmark to provide context.

Gold and Silver Inventories

Inventory data can have different definitions depending on the exchange or market.

For example, COMEX inventories may be divided into categories such as Registered and Eligible metal, while other exchanges and vaulting systems use different classifications.

Silver Dominion aims to preserve the terminology used by the original source rather than treating all reported inventories as directly equivalent.

A decline in reported inventory does not automatically mean that a market is running out of metal.

Likewise, rising inventories do not necessarily indicate weak demand.

Inventory data is most useful when considered alongside price, spreads, positioning, premiums, physical flows, and broader market conditions.

Futures and COT Data

Futures positioning data is primarily used to understand how different categories of market participants are positioned.

Large long or short positions do not by themselves prove manipulation, predict future prices, or reveal the complete economic exposure of a participant.

Market participants may also hold positions in physical metal, forwards, options, OTC markets, related commodities, or other instruments.

Silver Dominion therefore treats futures positioning as one part of a much larger market structure.

Historical Data

Historical datasets may occasionally be revised by the original publisher.

When practical, Silver Dominion updates its datasets to reflect revised official figures.

Historical comparisons may also be affected by changes in reporting methodology, market structure, contract specifications, or data availability.

Data Timing

Different datasets are published on different schedules.

Some market information updates in real time or near real time, while other datasets may be released daily, weekly, monthly, quarterly, or with a reporting delay.

Where relevant, Silver Dominion displays the data date, reporting period, source date, or latest update available.

A page update date should not automatically be interpreted as the date of every underlying data point.

Estimates and Calculations

Some Silver Dominion tools may calculate ratios, percentage changes, market balances, comparisons, conversions, or other derived values from underlying source data.

Derived values may be rounded for readability.

When estimates are necessary, they are treated as estimates rather than official reported figures.

Data Reliability

We make reasonable efforts to use accurate and reliable information, but no financial dataset is perfect.

Sources can revise figures, experience reporting delays, change methodologies, or publish incomplete information.

For that reason, Silver Dominion should be used as a research resource rather than as the sole basis for an investment or trading decision.

If you believe a dataset or chart contains an error, please contact us so it can be reviewed.