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Physical Panic: Lease Rate Hits 39%—London in Crisis
Silver Academy ^ | 10 Oct 25 | Silver Academy

Posted on 10/12/2025 1:07:47 PM PDT by delta7

Chart

The silver market just witnessed a seismic event: On the evening of October 9, Bruce Ikemizu, Chief Director of the Japan Bullion Market Association (JBMA), confirmed that the 1-month implied lease rate for physical silver in London erupted to a jaw-dropping 39.2%. This extraordinary spike, captured in recent market data, signals acute physical supply distress—metal in the vaults is running out, and lenders are demanding a premium for any silver that remains.​

Last Call for Physical: Delivery Demands Trigger Metal Crunch

Gone are the days when buyers were content to roll over paper contracts. Now, contract holders are standing up and demanding physical delivery, triggering a clash between fantasy and reality in the world’s premier bullion hub. Heavy selling of paper silver—promissory notes promising immediate metal on demand—has run headlong into a global shortage, as participants scramble to secure whatever metal remains in the system.​

“Short Squeeze” Sirens: Paper Promises Meet the Real World

The implications for short sellers are catastrophic. Those who bet on falling silver prices, selling ounces they never owned, are suddenly being asked, “Where’s the metal?” With inventories in London and on COMEX reaching critical lows, the era of unlimited paper selling is ending in a tidal wave of buy-ins, margin calls, and forced physical delivery.​

Nowhere Left to Hide: Losses Mount for Shorts

As spot prices spike and lease rates soar, the traditional game of “kick the can” with paper contracts has become a minefield. The costs for borrowing metal continue climbing, while industrial users, mints, and investors fight for every available ounce. Each uptick in the lease rate is a warning siren for those still holding naked short positions: either find the silver—or pay the price.​

Tidal Shift: A Squeeze for the Ages?

With London at the epicenter, the flow of metal from COMEX to LBMA is under close scrutiny. Industry insiders are now openly speculating about the possibility of defaults, as those who can’t come up with physical metal scramble for solutions. Commentary from analysts—including on platforms like YouTube—suggests this could be a foundational moment for the market, marking the collapse of “just-in-time” silver supply and a historic reckoning for short sellers everywhere.​


TOPICS:
KEYWORDS: nelsonbunkerhunt; silver; thehuntbrothers
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To: Chad_the_Impaler
During speculative frenzies, paper markets can experience outsized inflows and rapid price movements compared to the physical bullion.

The premium in the price of junk silver U.S. coins over the spot price of silver is almost zero, whereas a few years ago it was around 50%. I do not understand it. My best guess is that many people think this price spike is a bubble that will not last.

21 posted on 10/12/2025 2:59:10 PM PDT by T Ruth (Mohammedanism shall be destroyed.)
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To: ChildOfThe60s
That sounds like the fractional reserve banking system before FDIC, when there were bank runs because banks only had a fraction of deposits on hand and "hoped" that not all the clients would ask for their money at the same time.
22 posted on 10/12/2025 3:01:27 PM PDT by SamAdams76
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To: bankwalker

By reporting PM news the corrupted western MSM will not report.


23 posted on 10/12/2025 3:02:50 PM PDT by delta7
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To: G Larry
It's a Gold IRA so the rules are pretty tight.

I could ask for it to be delivered all at once but then I'd have to pay taxes on it!

Instead, I will probably take out around 4% a year during retirement or just let it sit a while. (I have most of my retirement savings in a 401k).

24 posted on 10/12/2025 3:04:25 PM PDT by SamAdams76
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To: SamAdams76

The FDIC changes nothing but perception. We still have fractional reserve banking with $16 billion in FDIC reserves insuring multi TRILLIONS in deposits.

If the SHTF the feds will have to close the banking system. FDIC promises notwithstanding, we ain’t getting all of our money.


25 posted on 10/12/2025 3:16:58 PM PDT by ChildOfThe60s (If you can remember the 60s, you weren't really there)
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To: delta7

https://www.cnbc.com/quotes/@SI.1

Early trading up $1.00


26 posted on 10/12/2025 3:24:44 PM PDT by Presbyterian Reporter
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To: Presbyterian Reporter

They are quoting the futures market of $48, the spot price is $50.52. ...it happens rarely indicating entities want their Silver now. One example how the paper Comex market is manipulated.

https://goldprice.org/


27 posted on 10/12/2025 4:42:42 PM PDT by delta7
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To: delta7

“The world is witnessing an unprecedented and historic silver squeeze, the likes of which have never been recorded in modern financial history.”

That is what the MSM is reporting.

Please update your Socrates to include the Hunt brothers squeeze where silver reached $50.

That would be $200 in today’s dollars.


28 posted on 10/13/2025 8:46:30 AM PDT by TexasGator (The 750 hp Florida Gnat)
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To: delta7

How Armstrong lies:

“The only reason I was released because I got to the Supreme Court.”

He never got to the USSC.

He was released from his contempt charge to begin serving his five year sentence for securities fraud.


29 posted on 10/13/2025 11:35:53 AM PDT by TexasGator (The 750 hp Florida Gnat)
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