The situation with silver today (October 9, 2025) is so unusual that I felt compelled to issue a brief update on the matter.
In this special report, I cover:
- The extremely rare condition of silver being in ‘backwardation’ (which means it’s far more expensive to get your hands on an ounce of silver today than an ounce of silver in December).
- The extraordinary stopping of silver quotes for 15 minutes prior to an engineered fall in the price of silver.
- How all of this is not just rare, but indicative of extreme stress in the system of silver pricing and control.
Has the West finally lost its handle on being the center of pricing for silver? It sure seems that way.
We’ll have to watch tonight’s activity in China/Asia to be sure, but if the big bank firepower they assembled today cannot keep silver down, it’s over.
Here’s a close-up of the stoppage of silver price quotes:
.@IGcom stopped quoting spot silver for 15 minutes. It said the London bullion banks stopped quoting. It is now back on. Cracks starting to show. pic.twitter.com/C0kKz7JsBt
— maneco64 (@maneco1964) October 9, 2025
Backwardation:
silver hasn't seen this level of backwardation since 1980 pic.twitter.com/6hL0AipY8B
— TheHappyHawaiian (@ThHappyHawaiian) October 9, 2025
Silver lease costs:
Dear silver shorts, we suggest you panic https://t.co/v14R2w4Sl9 pic.twitter.com/LnsXdawG2V
— zerohedge (@zerohedge) October 9, 2025
On the importance of access to Japan’s “”Markets”” to the precious metals manipulators
Oh, just a little completely spurious correlation between the crushing of the silver shorts above $50 and instant weakness in the world's most important FX pair pic.twitter.com/Oktm5sosFe
— zerohedge (@zerohedge) October 9, 2025
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by larrythelogger