Silver Goes Into Backwardation As Price Breaks $70

December 23, 2025

The silver price continued its recent tear today, with the futures even crossing above the $69 mark at several points.

Meanwhile, as that's happening, one of the gauges of market stress has flared up again, and it's being reflected in the price.

Arcadia Economics

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US silver mining began on a large scale with the discovery of the Comstock Lode in Nevada in 1858.

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