backwardation
noun [ U ]
uk/ˌbækwəˈdeɪʃn/ us/-wɚd/ FINANCE, STOCK MARKET
a situation in which the price of a commodity (= a product, such as oil or a metal, that is traded in large quantities) is lower if the buyer is to receive the commodity at a future date than it is if the buyer receives it immediately:
Silver has been in backwardation for the past five weeks.
Compare
contango