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In this new episode, Jan Skoyles separates myth from mechanism to explain what’s really happening behind the headlines. Silver’s recent surge isn’t a scandal it’s a system under strain.
Jan explains how the century-old silver market clears demand, why shelves can look empty when bars are plentiful, and what backwardation, lease rates, and spreads are really telling us.
In this video:
Why spot silver is trading above futures and what “backwardation” means
Why lease rates, spreads, and airfreight all signal the same thing: stress, not scandal
How retail shortages differ from wholesale supply
Why industrial demand is colliding with investment demand
What to watch next as the system rebalances
This isn’t a tale of villains or manipulation it’s a practical look at how real metal moves through a complex global network under pressure.
On Tuesday, 21st October 2025, we’ll be hosting a live conversation about what record-breaking gold and silver prices really mean. It’s titled “Gold at $4,000, Silver at $50: Peak or Turning Point?” which captures the mood of the moment.
Gold has climbed more than 50% in a year and silver has broken through levels not seen for more than a decade. Some say this is the peak. Others believe it is the market quietly rewriting the price of money itself.
Video Length: 00:10:30
More By This Author:
$4000 Gold - This Won't End Well
Silver At $50: Why The Shortage Could Spark A Historic Breakout
The Truth About The London Silver Shortage: How Long Will Stocks Last?




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