Silver lease rates reach record high of 10.6%

High lease rates mean bottoms in silver.

1 year silver lease rates are hitting record highs and they have never hit 10.6%. Every time when lease rates spike, silver bottoms out.

Currently the 1 year silver forward rate is -7.1%. Lease rate = SOFR - forward rate = 3.5% + 7.1% = 10.6%