
gelagert
stored
Kept or deposited in a particular place for a certain period of time.
Der Wein muss kühl und dunkel gelagert werden.
The wine must be stored in a cool, dark place.
stored / situated
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stored
Kept or deposited in a particular place for a certain period of time.
Der Wein muss kühl und dunkel gelagert werden.
The wine must be stored in a cool, dark place.

situated
In a figurative sense, it describes the nature or circumstances of a matter. It is often used in formal or legal language.
In diesem Fall ist die rechtliche Situation völlig anders gelagert.
In this case, the legal situation is situated completely differently.
'Gelagert' (stored/situated) is the past participle of the verb 'lagern' (to store). It is very often used like an adjective to describe the state of a thing.
Die Akten sind sicher im Archiv gelagert.
The files are stored safely in the archive.
In the meaning 'aufbewahrt' (stored), 'gelagert' (stored) is often combined with adverbs that describe the type of storage. Typical ones are: 'kühl' (cool), 'trocken' (dry), 'sicher' (safe), or 'fachgerecht' (properly/professionally).
Die Medikamente müssen trocken gelagert werden.
The medications must be stored in a dry place.
In the figurative meaning, 'gelagert' (situated) is very formal and is used mainly in administrative, legal, or academic language. You would rarely hear it in everyday speech.
Die Problematik ist wesentlich komplexer gelagert, als es zunächst scheint.
The issue is situated much more complexly than it initially seems.
You can recognize the figurative meaning by the fact that it refers to abstract nouns such as 'Fall' (case), 'Sache' (matter), 'Problem' (problem), or 'Situation' (situation). If the topic is concrete, physical objects, the literal meaning 'aufbewahrt' (stored) is always meant.
Der Fall ist ähnlich gelagert wie der vom letzten Jahr.
The case is situated similarly to the one from last year.