SPECIAL REPORT: Silver Price Explodes Above $50/oz | Andy Schectman
Is it too late to buy in?
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With silver having just exploded above $50/oz, many of you have reached out to me asking about what’s driving the surge & if there’s still time to join the party.
So I invited precious metals expert Andy Schectman on for a livestream this morning to discuss to all things silver.
To listen to the replay of the livestream, click here or on the video below.
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Adam’s Notes: Andy Schectman (recorded 10.14.25)
EXECUTIVE SUMMARY:
Unprecedented Backwardation in Silver: The market is experiencing extreme delivery stress, with spot prices trading above futures, soaring lease rates (39% in October), and surging COMEX deliveries (16.5M oz), exposing physical shortages and the fragility of paper contracts amid re-hypothecation.
Paper vs. Physical Divide Widening: Over 2B oz in paper claims dwarf London’s 140M oz float, driving premiums (Eagles $6-8/oz over spot) and spreads ($3 between futures/spot); global strains include Perth Mint halting silver sales on Oct. 13 (note yet confirmed) due to demand overwhelming supply.
