Special Note On The Silver Market & A Question For SLV/BlackRock | Metals Mine

  • Special Note On The Silver Market & A Question For SLV/BlackRock

    From jensendavid.substack.com

    Bruce Ikemuzo, Chief Director of the Japan Bullion Market Association (JBMA) has put out a note dated October 2 stating that the London implied lease rate for silver has increased to 7.3% for the 1-month lease tenor. A rising London implied lease rate signals an intensifying shortage of silver there. In mid August 2025 when silver was $38 /oz., the 1-month silver lease rate was 2.2%. Silver is now $48 /oz. and both the silver lease rate and silver’s price continue to climb. Note also the high lease rate structure for Platinum that signals continued platinum bar shortage. Second, the pricing structure on the NY / ... (full story)

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