When Silver exceeds a peak recorded in 1980?

With silver prices approaching their historical levels, a fundamental question arises: What is really the standard price you have achieved in the past? The answer is not simple. Silver recorded his highest level ever in the early 1980s, when the pursuit of the Hunt Brothers led to a sharp rise in prices. Silver is one of the few goods whose current prices did not exceed the summit they reached during the mutations in the commodity markets in the seventies and eighties of the last century. The standard market in London, but the determination of the exact number reached by prices in January 1980, before the exchanges intervened to contain the crisis, depends on the reference market. In the London market, which is the global standard for analysts and journalists, precious metals are always traded outside the stock exchange, while reference prices are determined daily by an official auction. The record price at the January 18, 1980 auction was $ 49.45 per ounce. Also read: The price of silver jumps to the highest levels since 2011. Gold near its standard summit could not obtain daily trading pricing data in the London market during that period, nor was it available to a spokesman for the “London Souq Association for alloys”. According to the records available since 1993, the highest price during the daily trading of silver in the London market $ 49,8044 per ounce amounted to April 25, 2011. The top numbers in New York and Chicago, as for the Comics Stock Exchange in New York, the record price of 1980 was also recorded on 18 January of that year. The CME Group Group, the current owner of the stock exchange, said the record price was $ 50.35. However, the contemporary market data, as published in the New York Times, indicated that the price reached $ 50.36, the same number as the report of the US Security and Exchange Committee issued in 1982 on the silver crisis. Also read: The price of silver is more than $ 40 for the first time since 2011 on the “Commercial Stock Exchange” in Chicago in which the future silver contracts were also distributed – before this contract was canceled afterwards – the prices recorded the highest level at $ 52.50 on January 21, 1980, according to the market data published in the New York Times.