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Silver Thursday: Understanding the Infamous Market Collapse

Last updated 03/28/2024 by

Alessandra Nicole

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Silver Thursday, a pivotal event in financial history, occurred on March 27, 1980, when the price of silver experienced a dramatic collapse. This unprecedented market downturn was instigated by the ambitious but ill-fated efforts of the Hunt brothers to dominate the silver market. Their aggressive investment strategies, fueled by their belief in the imminent devaluation of fiat currencies, led to a surge in silver prices, reaching historic highs. However, their highly leveraged positions left them vulnerable, and when silver prices plummeted, it triggered a cascade of panic selling, resulting in widespread market turmoil.

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