Silver Lease Rates Surge to Multi-Year Highs as Market Tightness Builds

From The Jerusalem Post

Silver markets are showing fresh signs of stress as implied 1-month lease rates have spiked sharply to over 6%, reaching levels not seen in years, according to Bloomberg data. The surge mirrors a pattern seen in platinum markets earlier this year, where lease rates soared ahead of a significant price rally.

The lease rate, the cost of borrowing silver, has climbed rapidly since January 2025, pointing to tighter availability of physical metal in the market. Elevated lease rates often indicate increased demand from short sellers who need to borrow metal or a tighter physical supply.