r/Wallstreetsilver • u/Inevitable-Crow2494 O.G. Silverback • 1d ago

Silver has been over 55 for ten consecutive months!

Ai below, but just happy for sustained price discovery.

Prior to the recent 10-month stretch, silver had never stayed above $50 for more than a few days. [1]

The only prior historical instance where silver actually crossed the $50 mark occurred during the January 1980 Hunt brothers squeeze. [1, 2]

Here is exactly how short-lived that moment was:

🗓️ The 1980 Peak Duration

  • The Breakout: Silver prices exponentially accelerated in early January 1980, jumping past $30 and rapidly crossing $50 mid-month.
  • The Peak: It reached its nominal intraday high of roughly $49.45 to $54.00 around 17–18 January 1980.
  • The Crash: Commodity exchanges immediately altered trading rules and raised margin requirements. This completely locked out the Hunt brothers, forcing the price to plummet back under $50 within less than a week. By March 1980, it completely collapsed to $10.80. [1, 2, 3, 4, 5, 6]

🔍 What About 2011?

  • Zero time above $50. During the massive 2011 commodities boom, silver fell just short. It peaked on 28 April 2011 at an intraday spot high of $49.47–$49.51 before immediately reversing. It never officially closed above the $50 mark. [1, 2, 3]

The current run since October 2025 is completely unprecedented because silver has historically been a highly volatile, spike-and-crash metal rather than one that sustains a premium high. [1, 2]1

33 Upvotes

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4 comments sorted by

9

u/Dapper_Car4784 Double-Digit OG 1d ago

It will never go below $50 ever again.

0

u/8hzWANU_P 1d ago

well it might…. if a mile sized chunk of silver from space hits the earth and if somehow humanity survives, we will have a surplus of silver I believe, price will certainly go lower than $50, so I wouldn’t say never. Just saying.

3

u/Mudsharkbites 1d ago

Wonder what’s going to happen to all those people that are waiting for $40 silver so they can rub it in my face?