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* FIEND'S SUPERBEAR MARKET
REPORT *
* June 10,
2025 *
* *
* e-mail:
fiendbear@fiendbear.com
*
* web
address: http://www.fiendbear.com *
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Fiend Commentary
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Silver’s
Brief Rise Above $37 Recalls Historic 1980 Surge
Silver
briefly topped $37 this Monday, a significant milestone that recalls one of the
most dramatic episodes in the metal’s history. The first time
silver breached the $37 mark was in January 1980, during a legendary and
turbulent rally driven by the Hunt brothers’ attempt to corner the silver
market.
Starting
from under $10 in early 1980, silver prices skyrocketed to an intraday peak of
nearly $49.45 per ounce on January 17. This rapid ascent was fueled by
aggressive buying and leveraged positions amid fears of inflation and currency
instability.
However,
the surge was short-lived. Regulatory intervention and soaring margin calls
culminated in the infamous “Silver Thursday” crash on March 27, 1980, sending
silver prices plunging back down to about $10–$11 per ounce. The Hunt brothers’
efforts to control the market unraveled, marking one of the most volatile
chapters in commodity trading history.
Today’s
return to $37, though fleeting, serves as a reminder of silver’s capacity for
sharp moves and the legacy of one of its wildest bull runs.
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