Silver 10x’d The S&P 500 In 2025 And Refiner Stocks Could Be Next

Nevertheless, the physical demand for silver still far outweighs supply, and this price pullback is already back over $77 and climbing. What’s more interesting and telling is an analysis from Dutch investment specialist Karel Mercx. By calculating the opposite (multiply by -1) of the silver swap rate minus US interest rates, one can use the product as a proxy for the implied silver lease rate to determine physical shortage in the London silver market. This would factor in physical silver costs, such as stor ...