Futures Daily: Differences and Similarities of Two "Silver Frenzies"

The spot silver price in London has broken through $79 per ounce, hitting a new historical high. This round of rising trend inevitably brings to mind the "Silver Rush" orchestrated by the Hunt brothers in 1980. Both of these trends have shown characteristics of significant price increases and active trading in the futures market, but the core driving logic, market structure, and ultimate direction are completely different - the former was a short-term bubble market caused by manipulation by a single institution, while the latter is a trend market supported by fundamentals, macroeconomic factors, and funding. Through the two "Silver Rush" events spanning more than forty years, we can clearly glimpse the evolution trajectory of the capital market and the core rules of asset pricing logic transformation.