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18/01/1980 Price of silver reached historical peak at $49.45 per troy ounce

The price for silver jumped from $6.08 per troy ounce to a record high of $49.45 per troy ounce, which represented an increase of 713%. Nelson Bunker Hunt and William Herbert Hunt, who had been attempting to corner the market in silver for some time, were estimated to hold one-third of the entire world supply of silver.

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  • Silver Thursday