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*                       FIEND'S SUPERBEAR MARKET REPORT                     *

*                                 June 10, 2025                              *

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*                       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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