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Silver Thursday information


Silver price history in 1960–2020 showing the Silver Thursday event in 1980
Gold price history in 1960–2020 showing the Silver Thursday event in 1980

Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980, following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt (also known as the Hunt Brothers) to corner the silver market. A subsequent steep fall in silver prices led to panic on commodity and futures exchanges.

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Silver Thursday

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Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980, following the attempt by brothers...

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Cornering the market

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months later, much of the fall occurring on a single day now known as Silver Thursday, due to changes made to exchange rules regarding the purchase of commodities...

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Silver as an investment

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Silver may be used as an investment like other precious metals. It has been regarded as a form of money and store of value for more than 4,000 years, although...

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Stagflation

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Inflation (1973–1982) 1970s commodities boom Mexican oil boom (1977–1981) Silver Thursday (1980) New Zealand property bubble (c. 1980–1982) Great Moderation/...

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William Herbert Hunt

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the brothers lost their fortune in the silver trading scandal called Silver Thursday; together they lost a billion dollars. William Herbert Hunt went bankrupt...

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Sumitomo copper affair

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compared in magnitude to the Silver Thursday scandal, involving the Hunt family's attempt to corner the world's silver markets. It currently ranks in...

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Dow Jones Industrial Average

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increased 228% from 838.74 to 2,753.20; despite the market crashes, Silver Thursday, an early 1980s recession, the 1980s oil glut, the Japanese asset price...

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Tulip mania

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Inflation (1973–1982) 1970s commodities boom Mexican oil boom (1977–1981) Silver Thursday (1980) New Zealand property bubble (c. 1980–1982) Great Moderation/...

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Economic bubble

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mania (Dutch) (1634–1637) Comic book speculation bubble (1985–1993) Silver Thursday 1980 Uranium bubble of 2007 Cryptocurrency bubble (2016–2017, 2021–present)...

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California gold rush

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physical gold supply increased the relative value of physical silver and drove silver money from circulation. The increase in gold supply also created...

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Nelson Bunker Hunt

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months later. The largest single-day drop in the price of silver occurred on "Silver Thursday". In February 1985 the Hunt brothers were charged "with manipulating...

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Trading Places

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market and the Hunt brothers' efforts to corner the silver market on what became known as Silver Thursday. They thought trading orange juice and pork bellies...

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Lamar Hunt

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1980, subsequently referred to within the precious-metals industry as Silver Thursday, the price collapsed. In September 1988, the Hunt brothers filed for...

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Market manipulation

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months later, much of the fall occurring on a single day now known as Silver Thursday, due to changes made to exchange rules regarding the purchase of commodities...

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Cryptocurrency bubble

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Inflation (1973–1982) 1970s commodities boom Mexican oil boom (1977–1981) Silver Thursday (1980) New Zealand property bubble (c. 1980–1982) Great Moderation/...

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Interwar period

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Inflation (1973–1982) 1970s commodities boom Mexican oil boom (1977–1981) Silver Thursday (1980) New Zealand property bubble (c. 1980–1982) Great Moderation/...

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Gold rush

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Many silver rushes followed upon gold rushes. As transportation and infrastructure improve, the focus may change progressively from gold to silver to base...

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Railway Mania

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Inflation (1973–1982) 1970s commodities boom Mexican oil boom (1977–1981) Silver Thursday (1980) New Zealand property bubble (c. 1980–1982) Great Moderation/...

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Second Industrial Revolution

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Inflation (1973–1982) 1970s commodities boom Mexican oil boom (1977–1981) Silver Thursday (1980) New Zealand property bubble (c. 1980–1982) Great Moderation/...

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Stock market bubble

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Inflation (1973–1982) 1970s commodities boom Mexican oil boom (1977–1981) Silver Thursday (1980) New Zealand property bubble (c. 1980–1982) Great Moderation/...

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List of trading losses

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Financial risk management § Investment management Derivative (finance) Silver Thursday Sumitomo copper affair Doss, Jason R. & Frankowski, Richard S. (2013)...

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Market trend

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Inflation (1973–1982) 1970s commodities boom Mexican oil boom (1977–1981) Silver Thursday (1980) New Zealand property bubble (c. 1980–1982) Great Moderation/...

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Panic of 1837

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a head on May 10, 1837, when banks in New York City ran out of gold and silver. They immediately suspended specie payments, and would no longer redeem...

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Ruby Thursday

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Ruby Thursday (Thursday Rubinstein) is a fictional character appearing in American comic books published by Marvel Comics. She is usually depicted as a...

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Commercial revolution

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rush to sail out of Europe. The need for silver coinage also affected the desire for expanded exploration as silver and gold were spent for trade to the Middle...

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