Silver's futures curve just did something we haven't seen in over forty years: it flipped into deep backwardation. The front-month contract is trading about $2.88 higher than the later ones, marking the steepest inversion since 1980. That might sound like a small technical detail, but it's far more important than it appears. In the world of commodities, backwardation of this size doesn't happen by accident. It's the market's way of saying something major has changed beneath the surface.To me, silver's recor ...