Why did silver price spike in 1980

what was seen as an attempt at cornering the market in silver, potentially contributing to a spike in price in January, 18 1980 of the  Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980 following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt to corner the silver market. A subsequent steep fall in silver prices led to panic on commodity and futures Silver price history in 1960–2011 showing the Silver Thursday event in 1980. 16 May 2011 No one could really give any comprehensive explanation for why the silver price climbed 175pc in a year.

1980 Gold, Silver, Platinum, & Palladium Price Spikes From 1978 to early 1980 the world witnessed a US dollar quadrupling of oil prices, a quintupling of platinum prices, a six-folding of palladium prices, and a gold price spike from $200 oz in early 1978 to a then record high of $850 oz by January 21, 1980. Yet there seemed to be no definitive answer to why the price would go soaring from $16.94 per ounce in August to almost $50 per ounce at its peak last month. By April, many were warning of a In response to the large nominal price spike in 1980, the COMEX suddenly adopted new rules regarding the use of margin debt in order to force the Hunt brothers to liquidate their large position in silver, preventing them from "cornering" the market, and leading to the crash of Silver Thursday. Some believed that silver was much undervalued versus gold, and would recover its historical price parity of about 16 ounces of silver per ounce of gold. So even though silver hadn't been so expensive in terms of gold for 28 years, and even though Dollar prices had doubled inside 6 months, some traders felt the move wouldn't be complete unless silver traded above the $50 price level it had hit in 1980.

The Silver Spike: Lessons From 1980 (ETF: SLV) Roland Watson (The New Era Investor) submits: We are getting excited about the things that lie ahead of us. Before us is a rising slope heading off to a barely perceptible mountain top that is shrouded in the mist of a new dawn.

The Price of Silver in 1979 and 1980. The price of silver traded between $20 and $25 per ounce in December 1979 and averaged $20.63 per ounce in 1980*. Silver hits record near $50 for first time since 1980. NEW YORK (Reuters) - Silver soared to an all-time high on Thursday and gold rose to another record, as the dollar fell and as signs that the Federal Reserve would maintain a loose monetary policy stoked inflation worries. A host of political events, including the continuous U.S. hostage crisis in Iran and the Soviet invasion of Afghanistan, motivated investment demand, helping keep silver prices high and volatile through 1980. Silver prices have a reputation of being manipulated, volatile and less liquid. Silver hit a record high of $50 an ounce in 1980 after the famous (or infamous) Hunt brothers bought the metal aggressively for 7 years; at one time owning more than 200 million ounces of silver. This often meant flying the silver to Switzerland for storage. It squeezed the supply… and helped push silver prices up. Its price went from around $6 in the late ’70s to around $50 in 1980.

There is no comparison on the 1970's spike and today, other than many people that know little about investing are in the metals and doing so because it seems like a "good bet". When your friends and neighbors are talking about their investments in Gold and Silver.. It's a good time to get out.

29 Jul 2019 During this time, gold prices witnessed a spike in 1980 to touch $850/ounce ( annual average was $615 that year), led by high inflation because  3 May 2018 The price of silver has been range-bound for quite some time, while gold on the other hand has done fairly well on medium to long-term basis. In the last four decades the price of silver has varied, and of particular note is the spike in 1980 following the infamous 'Silver Thursday'. The price of silver  1 Jan 2019 by a 1979 spike in oil prices, plunged the nation into a dizzying round of 21, 1980, at the urging of regulators, the Commodity Exchange, the main As they sold, silver prices declined; the Hunts had to pay their margin  As a result, the rise in silver prices from current levels won't be 10% or The $48 peak in April 2011 was less than half the inflation-adjusted price of January 1980, based on the Even that big price spike we saw in 2011 pales in comparison. 13 Aug 2019 It squeezed the supply… and helped push silver prices up. Its price went from around $6 in the late '70s to around $50 in 1980. Chart. But were  17 Nov 2019 in both early 1980 and the early spring of 2011 the fiat US dollar price per In the following US silver price history chart, you will see the first price spike The lowest silver price per troy ounce in US dollar terms was 25¢ oz 

By the end of 1980 silver prices had subsided once more to around $16.00. These high silver prices meanwhile were having a dramatic effect on the physical silver market conditions. Total supply rose form 434.8 million ounces in 1978 to 505.0 million ounces in 1979, and then to 584.6 million ounces in 1980.

Adjusted for inflation, however, the current price of silver is about two-thirds below its record at over $130 an ounce, while gold was only a third below a peak of $2,200. Both records were set 1980 Gold, Silver, Platinum, & Palladium Price Spikes From 1978 to early 1980 the world witnessed a US dollar quadrupling of oil prices, a quintupling of platinum prices, a six-folding of palladium prices, and a gold price spike from $200 oz in early 1978 to a then record high of $850 oz by January 21, 1980.

1980 GOLD, SILVER, PLATINUM AND PALLADIUM PRICE SPIKES 12 billion ounces of Silver were “above ground” in 1980 — excluding rare coins, jewelry, 

Silver has had a very volatile price history. Below are some of the major spikes and troughs of silver value;. 1965: Silver was trading at a dollar an ounce. 1980:  Check the latest gold and silver prices updated every minute. That same 1:1 ratio was briefly reached again in January 1980 when both gold prices programs, rising inflation fears, and a spike in investment demand for physical bullion. Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the 1980, $614.75, $559.00, $843.00, $474.00, $589.50, 12.50% Gold Prices vs Silver Prices: This chart compares gold prices and silver prices 

1 Jan 2019 by a 1979 spike in oil prices, plunged the nation into a dizzying round of 21, 1980, at the urging of regulators, the Commodity Exchange, the main As they sold, silver prices declined; the Hunts had to pay their margin  As a result, the rise in silver prices from current levels won't be 10% or The $48 peak in April 2011 was less than half the inflation-adjusted price of January 1980, based on the Even that big price spike we saw in 2011 pales in comparison. 13 Aug 2019 It squeezed the supply… and helped push silver prices up. Its price went from around $6 in the late '70s to around $50 in 1980. Chart. But were  17 Nov 2019 in both early 1980 and the early spring of 2011 the fiat US dollar price per In the following US silver price history chart, you will see the first price spike The lowest silver price per troy ounce in US dollar terms was 25¢ oz  backed exchange traded funds (ETFs), which had been first introduced in 2006, 1980. 1975. Net investment vs net investment plus coins. World Investment*. Implied Net reacted to the late April price spike and subsequent pull back, which