The 1980 Silver Market High - long-term nearby monthly charts don't show the true picture!

Monday, 25 April 2011 09:16 Melissa Moore
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May 2011 Silver traded up to $49.82 overnight --- just below 1980's all-time high of $50.36 traded by January 1980, in delivery and thus reflecting cash prices.  Below are links to 1980 charts for January, March, May, and July Silver.  (The latter three were constrained by daily trading limits, which are no longer in effect.)  Expect the exchange to raise margin requirements SOON as $11,745 is a bit low for a $238,600 contract at 47.72.(only 4.9% - lots of leverage!)

 

Last Updated on Thursday, 03 August 2017 06:41