# Lease Rate Spikes in Precious Metals Explained

Page: https://stenobird.com/podcast/the-gold-exchange-podcast-7062450/lease-rate-spikes-in-precious-metals-explained
Text version: https://stenobird.com/podcast/the-gold-exchange-podcast-7062450/lease-rate-spikes-in-precious-metals-explained.md
Podcast: [The Gold Exchange Podcast](https://stenobird.com/podcast/the-gold-exchange-podcast-7062450)
Published: 2025-12-08T16:30:41+00:00
Episode link: https://www.spreaker.com/episode/lease-rate-spikes-in-precious-metals-explained--68942212
Audio file: https://api.spreaker.com/download/episode/68942212/lease_rates_spiking_audio.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-gold-exchange-podcast-7062450/episodes/lease-rate-spikes-in-precious-metals-explained
Duration seconds: 1028

## Resource

In this episode, we break down what spiking lease rates really mean in the gold and silver markets. You’ll learn how lease rates work, why backwardation signals metal scarcity, and what happens when the normal flow of metal to refiners, jewelers, and fabricators starts to break down. We also cover why silver experienced a temporary shortage while gold remained stable, and how paper market mechanics can distort real supply and demand. If you want a clear explanation of this rare market signal and why it matters, this conversation lays it out step by step. Earn a yield on gold, paid in gold: https://buff.ly/7CIJIQJ

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## Transcript

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