January 1980 silver price

The COMEX closing prices for January, 1980 silver appear to have been $48.80 $48.70 on January 17, 1980 and $46.80 on January 18, 1980. These are from Jerome Smith's "Silver Profits in the 80's" (p.20), and a few other sources. However, none state definitively that those were COMEX closing prices. On January 21st the COMEX announced that it was suspending trading in silver. They would only accept liquidation orders. Silver dropped $10/oz and stayed around $39/oz until the end of January. Scrap silver, old silver coin collections and silverware came into the market - about 22 million oz in all. In early February the Hunt group took delivery of another 26 million oz from Chicago. The Hunt’s North Sea oil through Placid Oil was coming on line and generating $200 million /year from that Silver Prices - 100 Year Historical Chart. Interactive chart of historical data for real (inflation-adjusted) silver prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

2 Oct 2019 Silver is cheaper today than it was in 1980, too. In January 1980, silver's price peaked at close to $49.00. In fact, silver's intraday price peaks in  22 Oct 2014 As a result, the price of silver tumbled from $50 an ounce in January 1980 to $10.80 in March. Brokerage companies that had given loans to the  5 Feb 2020 By January 1980, the Hunt brothers controlled 69% of the paper silver Using a silver price of $16 per ounce, this makes it a $13 billion dollar  Price. Year. Average. Price. 1833-49*. 18.93. 1901. 18.98. 1953. 34.84. 2005 1980. 615.00. 1877. 18.94. 1929. 20.63. 1981. 460.00. 1878. 18.94. 1930. 20.65. 4 Jun 2014 Some people say that the current price of gold and silver is too high after at a price higher than their value, such as the price in January 1980,  Historical Gold, Prices/Price 1800-2009, Market, Bullion, Ingots, Bars, History: from some for a time based their currencies on a bimetallic gold/silver standard . The dollar and gold floated and in January 1980 the gold price hit a record of  

22 Oct 2014 As a result, the price of silver tumbled from $50 an ounce in January 1980 to $10.80 in March. Brokerage companies that had given loans to the 

This historical price chart for January 1980 Silver 5000 oz futures (SI, COMEX) is part of an exhaustive collection of historical charts that covers decades of North America futures / commodity trading. In addition to charts covering single contracts, the collection also includes continuous price charts that can reveal long-term patterns and trends that might otherwise be difficult to detect. The COMEX closing prices for January, 1980 silver appear to have been $48.80 $48.70 on January 17, 1980 and $46.80 on January 18, 1980. These are from Jerome Smith's "Silver Profits in the 80's" (p.20), and a few other sources. However, none state definitively that those were COMEX closing prices. On January 21st the COMEX announced that it was suspending trading in silver. They would only accept liquidation orders. Silver dropped $10/oz and stayed around $39/oz until the end of January. Scrap silver, old silver coin collections and silverware came into the market - about 22 million oz in all. In early February the Hunt group took delivery of another 26 million oz from Chicago. The Hunt’s North Sea oil through Placid Oil was coming on line and generating $200 million /year from that Silver Prices - 100 Year Historical Chart. Interactive chart of historical data for real (inflation-adjusted) silver prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

17 May 2016 Prices surged, crossing US$40 per share, then on January 17, 1980, silver hit US $50.50. The Hunts' holdings were valued at US$4.5 billion, 

After being released from government control, gold reaches a new record price on January 14, 1980, exceeding $800 an ounce. Gold is scattered sparsely throughout the earth’s crust and since ancient times has been treasured for both its scarcity and metallurgic properties. It didn't even manage that at its all-time top of Jan. 1980. The famous peak of $850 per ounce – recorded at the Afternoon Fix in London on 21st Jan. 1980 – marked the end of a nine-year bull market in gold, unleashed when Richard Nixon cut the US Dollar free from its "golden fetters" and stopped paying foreign governments in bullion.

Price of Silver from anvient to present. As silver prices subsided later in the 1980s, some of these trends reversed. In the color film photographic From 1966 through November 1970, 674 million ounces of bullion were sold. (In 1967 the 

Silver Prices - 100 Year Historical Chart. Interactive chart of historical data for real (inflation-adjusted) silver prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value. And during those two trading days, January 17 and January 18, 1980, the price of silver went over $50, but it never actually closed over $50.00. Those up and down prices during a trading day are called intra-day trading prices and are not recorded as the closing price.

28 Jan 2005 By January 1, 1980, they had accumulated over 192 million ounces of had a legal obligation to deliver silver at predetermined prices to the 

The market saw prices come back down following the parabolic rise, and silver once again found itself trading under the $10 per ounce level by the late 1980s. 4 Oct 2019 In fact, silver's intraday price peaks in January 1980 and April 2011 are almost identical. Stopping short of the $50.00 mark the second time  28 Jan 2005 By January 1, 1980, they had accumulated over 192 million ounces of had a legal obligation to deliver silver at predetermined prices to the  As a result, the rise in silver prices from current levels won't be 10% or $48 peak in April 2011 was less than half the inflation-adjusted price of January 1980,   15 Mar 2017 But buying demand persisted, and by January, 1980, silver had reached a record $49.45 per ounce ($147.68 in today's dollars) and the Bank 

4 Aug 2016 From a spot price of around $6 per ounce in early 1979, the price of silver shot up to $50.42 in January of 1980. In the same week, silver futures  We believe the best price to use as the record high price of silver in 1980 is $ 49.45, which was the London Fix on January 18, 1980. This represents a group of