🥈 SILVER HITS $120 — HISTORY ECHOES 1980! 💥
Silver is trading near $120/oz today, and history is starting to rhyme…
Back in 1980, billionaires Nelson Bunker Hunt & William Herbert Hunt nearly broke the silver market:
Bought massive physical silver
Hoarded futures
Controlled ~100M oz — 1/3 of global supply
Price jumped $2 → ~$50
💥 Then the system snapped:
COMEX introduced Silver Rule 7
Margin trading restricted
Banks cut lending
Margin calls destroyed positions
Result: Silver collapsed 50% in a single day — Silver Thursday, March 27, 1980
📈 Today’s Differences:
Silver breaks $100+
Industrial demand booming (solar, EVs, tech)
Supply chains stressed
✅ Key: No single player can corner the market anymore
❌ But volatility remains extreme
Takeaway:
Silver moves violently. History doesn’t repeat… but it echoes.