Silver $120: Is history repeating itself? 🥈📈
The price of silver today crosses $120, capturing the attention of the entire global market towards this "White Metal". Many are reminded of the famous "Silver Thursday" in 1980 when they see this price surge. But what is the difference between 1980 and 2026?
Hunt Brothers' History (1980)
At one time, Nelson Bunker Hunt and William Herbert Hunt, the two billionaire brothers, tried to corner the silver market. They amassed about 1/3 of the world's physical silver hoard, causing the price to rise from $2 to $50. However, with the COMEX's "Silver Rule 7" and changes to margin rules, the price dropped 50% in a day, a phenomenon known in history as Silver Thursday.
2026-e Silver-er Notun Rup
Today's $120 rally is not due to one individual's hoarding, rather it is a Structural Repricing:
* Industrial Demand: The need for silver in solar panels, electric vehicles (EV), AI data centers, and semiconductors is currently at an all-time high.
* Supply Deficit: Over the last 5 years, silver production has been significantly lower compared to demand. Extracting silver has now become difficult.
* Inflation Hedge: Due to the weakness of the dollar and global political reasons, investors are viewing silver as a safe haven alongside gold.
Comparison Table: 1980 vs 2026
| Feature | 1980 (The Squeeze) | 2026 (The Boom) |
|---|---|---|
| Price Peak | ~$50 | $120+ |
| Driver | Speculation (Hunt Brothers) | Real Tech Demand (Solar/EV/AI) |
| Regulation | Weak / Easy to Corner | Strict / Global Market |
| Market Status | Speculative Bubble | Structural Scarcity |
Final Word
History may not repeat itself, but the rhythm can be similar. Silver is always a volatile asset. In 1980 it was manipulation, but in 2026 it is needed. This violent move in silver teaches us one thing— to stay in the market, we need to keep an eye on the fundamentals.
#Silver #commodities #MarketAnalysis #silverprice #Tradinghistory $BNB
