The invention provides a black and white photothermographic material comprising an image forming layer containing on at least one side of a support at least a photosensitive silver halide, a non-photosensitive organic silver salt, a reducing agent for silver ions, and a binder, wherein: the non-photosensitive organic silver salt comprises at least one compound selected from a silver salt of an azole compound or a silver salt of a mercapto compound; and the photothermographic material further comprises, a compound that can be one-electron-oxidized to provide a one-electron oxidation product which releases one or more electrons, and an adsorptive redox compound having a group adsorbable to the silver halide and a reducing group in the molecule. The invention provides a black and white photothermographic material having high image quality and an excellent storability, and an image forming method.