Silver price spike in 1980
20 Sep 2019 On January 18, 1980, this precious metal was at its premium, hitting $49.45 per ounce, the highest silver price to date. It then quickly reversed As a result, the rise in silver prices from current levels won't be 10% or If we use the 1980 formula to measure inflation, silver would need to top $470 to beat that peak. I'm not Even that big price spike we saw in 2011 pales in comparison. 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 3 Oct 2010 But January 1980 was arguably a "freak peak" during a period of heightened geopolitical instability. At $1,300, today's price is probably more than
a spike in price in January, 18 1980 of the London Silver Fix to $49.45 per troy ounce. Silver futures reached an intraday
14 Jan 2008 In fact, there are many differences between the 1980 spike in the gold price and the current rise in gold value, not the least of which is the 20 Sep 2019 On January 18, 1980, this precious metal was at its premium, hitting $49.45 per ounce, the highest silver price to date. It then quickly reversed As a result, the rise in silver prices from current levels won't be 10% or If we use the 1980 formula to measure inflation, silver would need to top $470 to beat that peak. I'm not Even that big price spike we saw in 2011 pales in comparison. 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 3 Oct 2010 But January 1980 was arguably a "freak peak" during a period of heightened geopolitical instability. At $1,300, today's price is probably more than These factors will cause the price of silver per ounce to reach new highs, or possibly another huge spike similar to 1980. Let's look at additional factors why
The market saw prices come back down following the parabolic rise, and silver once again found itself trading under the $10 per ounce level by the late 1980s.
31 Jan 2018 This makes the silver price drop as the prices are determined in commex. Now with regressed prices, they would buy physical quantity at cheaper 22 Aug 2011 "The run-up reminds me of what silver did a few months ago. It climbed steadily week after week, sucked everyone in, and then the whole deck of In 1791, it set the price of gold at $19.49 per ounce but also used silver to redeem By 1980, traders had bid the price of gold to $594.92 as a hedge against 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 4 Sep 2018 Gold stayed below its 1980 peak for 20 years years of pain and suffering, until 2001. IMO that had a lot to do with the 2011 silver price spike. 8 Apr 2011 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
During this same timeframe the silver price went from about $5 USD oz in early 1978 to as high as $50 oz on January 21, 1980. Key to understanding what happened next is understanding the COMEX's history that most financial media never report.
During the western world driven 1980 silver and gold bull market record price highs, gold spot prices multiplied more than 24-fold (beginning at $35 oz) and silver 26 Mar 2017 One reason that there was not a big spike in commodity prices when a meaningful change in silver's value vs. gold (which did not have any 31 Jan 2018 This makes the silver price drop as the prices are determined in commex. Now with regressed prices, they would buy physical quantity at cheaper
16 May 2011 No one could really give any comprehensive explanation for why the silver price climbed 175pc in a year.
19 Mar 2010 But a dramatic spike and fall in gold prices were caused due to a falling silver prices in Mar 1980, exacerbating the fall in precious metals). 18 Feb 2011 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 During the western world driven 1980 silver and gold bull market record price highs, gold spot prices multiplied more than 24-fold (beginning at $35 oz) and silver 26 Mar 2017 One reason that there was not a big spike in commodity prices when a meaningful change in silver's value vs. gold (which did not have any 31 Jan 2018 This makes the silver price drop as the prices are determined in commex. Now with regressed prices, they would buy physical quantity at cheaper 22 Aug 2011 "The run-up reminds me of what silver did a few months ago. It climbed steadily week after week, sucked everyone in, and then the whole deck of In 1791, it set the price of gold at $19.49 per ounce but also used silver to redeem By 1980, traders had bid the price of gold to $594.92 as a hedge against
8 Apr 2011 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 Adjusted for inflation, that means silver soaring above $160 a [troy] ounce. mania into silver like what happened in 1980 [and] adjusted for today's prices, that Bottom line, the stars are aligned for a silver price spike for the record books and The market saw prices come back down following the parabolic rise, and silver once again found itself trading under the $10 per ounce level by the late 1980s. 14 Jan 2008 In fact, there are many differences between the 1980 spike in the gold price and the current rise in gold value, not the least of which is the 20 Sep 2019 On January 18, 1980, this precious metal was at its premium, hitting $49.45 per ounce, the highest silver price to date. It then quickly reversed As a result, the rise in silver prices from current levels won't be 10% or If we use the 1980 formula to measure inflation, silver would need to top $470 to beat that peak. I'm not Even that big price spike we saw in 2011 pales in comparison. 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