A Better Silver Squeeze
Daily Reckoning·2025-12-25 23:00

A Better Silver SqueezeIn 1970, silver traded at around 1.60perounce.Byitspeakin1980,itreached1.60 per ounce. By its peak in 1980, it reached 49.45. An incredible 30x return.The story of how it got there is full of intrigue and conspiracy. We’ll get to that. But first, a little background is in order.Monetary demand for silver had collapsed after the U.S. and other countries stopped using it in coins in 1965. Before that, America’s dimes and quarters were up to 90% silver. Other countries soon followed suit.After governments ended their silve ...