Oldsouljer said:

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Werewolf said:

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Something very wrong with the fiat dollar.

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Been wrong since the greatest lie Richard Nixon ever told.

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Yep, America has been under assault for some time now.

And right on cue, silver knocking on the $50 door…

https://silverprice.org/silver-price-chart.html

Post edit: interestingly, the dollar is strongly rallying at the same time. How can this be? The index against which the dollar is measured isn't versus gold or silver, it's versus other world currencies. This rally proves the oft-made point that among world currencies and despite de-dollarization efforts, the dollar is, at least for now, still the cleanest dirty shirt in the laundry basket.

Better get your last few purchases done before the end of the year, if not sooner.

Silver lease rates just hit 39.2% in London.

That’s not a typo.

Physical silver is vanishing, and the banks are scrambling to borrow what’s left. pic.twitter.com/zwC4bNhH8P

— Mr. Uppy (@MisterUppy) October 10, 2025

Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

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I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

Oldsouljer said:

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Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

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I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

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Yep,

This is a fair discussion as it relates to London and impacts here and globally ......with 50-60 cents per oz per day to hedge silver. Leasing cost of silver is all of a sudden out the roof. Tariffs come into play on the 19th too.....10%. Near term buying opportunities exist. I just spent all the extra funds I had week before last but if you got any liquid funds here's another opportunity .
https://share.vidyard.com/watch/bk9wRY7QNb4mGrXuVxdPES

Werewolf said:

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Oldsouljer said:

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Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

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I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

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Yep,

This is a fair discussion as it relates to London and impacts here and globally ......with 50-60 cents per oz per day to hedge silver. Leasing cost of silver is all of a sudden out the roof. Tariffs come into play on the 19th too.....10%. Near term buying opportunities exist. I just spent all the extra funds I had week before last but if you got any liquid funds here's another opportunity .
https://share.vidyard.com/watch/bk9wRY7QNb4mGrXuVxdPES

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I like numismatics (in gold, I buy modern stuff in silver), and the ones I've bought between 2018 to now have gained 2X-5X these past few years. Attended the Big Money show at the NC state fairgrounds this summer and only carrying about $1200 in cash, I had to be pretty selective. Finally settled on an MS-66 1903 quarter eagle, the guy was willing to sell me for a $400 discount to its true value (blew my mind because I think he thought he was selling me an MS-65 which would have been more fairly valued.) Needless to say, I couldn't refuse a deal like that. Not sure I've ever owned a more elegant piece of gold. One of the dealers in Raleigh has some nice Indianhead half eagles, that I need to move fast on if I want to acquire, I think mainstream demand is waking up.

Oldsouljer said:

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Werewolf said:

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Oldsouljer said:

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Werewolf said:

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Silver has entered extreme backwardation, which means that the spot price is traded well above the futures price. This chart, which goes back to 1998, shows you how unusual this situation is. It basically means that people are willing to pay extra to get silver now, probably… pic.twitter.com/x9Sc2l9gin

— Oren Elbaz (@thesilverhermit) October 10, 2025

---

I was just examining the backwardation situation this weekend. Fascinating as all get out. Word is, paper silver shorts are getting crushed because options buyers are demanding delivery of physical, wiping out a lot of inventory in London. Also reportedly, the situation is dire enough that folks in London are chartering commercial flights to bring silver from New York to cover with. Says a lot given how expensive it is to do that.

---

Yep,

This is a fair discussion as it relates to London and impacts here and globally ......with 50-60 cents per oz per day to hedge silver. Leasing cost of silver is all of a sudden out the roof. Tariffs come into play on the 19th too.....10%. Near term buying opportunities exist. I just spent all the extra funds I had week before last but if you got any liquid funds here's another opportunity .
https://share.vidyard.com/watch/bk9wRY7QNb4mGrXuVxdPES

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I like numismatics (in gold, I buy modern stuff in silver), and the ones I've bought between 2018 to now have gained 2X-5X these past few years. Attended the Big Money show at the NC state fairgrounds this summer and only carrying about $1200 in cash, I had to be pretty selective. Finally settled on an MS-66 1903 quarter eagle, the guy was willing to sell me for a $400 discount to its true value (blew my mind because I think he thought he was selling me an MS-65 which would have been more fairly valued.) Needless to say, I couldn't refuse a deal like that. Not sure I've ever owned a more elegant piece of gold. One of the dealers in Raleigh has some nice Indianhead half eagles, that I need to move fast on if I want to acquire, I think mainstream demand is waking up.

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Nice, you're talking above my pay grade with the rarity aspects.

I've bought what is now 6 figures in physical silver, and then I have moved a good chuck of 401K and IRA into strictly gold accounts. With both, it's not to be a forever holding rather it's a hold it til it's the right time to get out holding. It's 'weather the fiat dollar storm' for me, I've not tinkered in metals otherwise.