Silver Eyes $92, Brings Historic 1980s 'Silver Thursday' Crash Back In Focus

Silver prices surged to caller all-time highs connected Wednesday, investigating the $92 per ounce level, fueled by dependable U.S. ostentation and geopolitical instability, though analysts pass the vertical rally mirrors the prelude to the infamous 1980 marketplace crash.

Silver spot prices deed an all-time precocious of $91.564, trading firmly wrong the absorption portion of $90.15–$92.40 identified by marketplace analysts. The metallic is presently trading up 3.84% connected the time astatine $90.2635.

According to Rahul Kalantri, VP of Commodities astatine Mehta Equities Ltd., the rally is driven by a “perfect storm” of supportive macro information and safe-haven demand.

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Softer-than-expected U.S. ostentation data—with Core CPI holding dependable astatine 2.6% year-on-year—has cemented expectations for 2 to 3 Federal Reserve complaint cuts successful 2026.

Simultaneously, planetary uncertainty is driving superior into precious metals. “Civil unrest successful Iran and rising geopolitical tensions continued to substance safe-haven demand,” Kalantri noted.

While bulls observe the breakout, humanities comparisons suggest caution.

Charlie Bilello, Chief Market Strategist astatine Creative Planning, highlighted that metallic prices person tripled implicit the past year, marking the astir assertive year-over-year summation since aboriginal 1980—the epoch erstwhile the Hunt brothers attempted to country the metallic market.

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Bilello warned that the 1980 rally ended successful catastrophe. “Silver Thursday” (March 27, 1980) followed soon aft that peak, with prices collapsing implicit 50% successful a azygous trading session.

By 1982, the metallic had mislaid 90% of its value. The existent vertical ascent has raised fears that the marketplace whitethorn beryllium overheating, likewise to that historical bubble.

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As traders navigate this volatility, Kalantri outlines captious method boundaries.