If you think the silver (SIH26) market is acting “normal” right now, you haven’t checked the lease rates or the London vaults lately. We are witnessing a historic de-coupling where physical silver is trading at 50% to 80% premiums over the official paper spot price. In early 2026, the metal has already blasted past its 1980 record of $53.40, hitting intraday highs that remind me of that scene from the classic comedy movie Airplane. Silver, now arriving at $80, $90, $100…
But this isn’t just a speculative cornering of the market. This is a structural physical squeeze meeting AI-industrial desperation.
