Silver Price History

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Silver Price History

Recent silver price history is a story of manipulation. Although it may sound suspiciously conspiratorial right now, the facts surrounding the artificially created prices in silver (and gold) will soon be as commonly known as the number of fraudulent (a.k.a., Ponzi) schemes that have plagued the markets in recent years.

Precious metals have a history reaching back thousands of years. Silver was used as money as early as 700 B.C. The silver history is a story of commerce between free men, the rise and fall of nation-states, wars, manipulation, freedom and tyranny.This is a 650 year graph of silver prices and silver/gold ratio from 1344 to 2004.

Silver Price History

Periods of economic uncertainty linked to the collapse of entire civilizations and economies have seen silver turn from a mere good facilitating exchange, to a store of value, and back again many times throughout human history. It is important to study the history of silver and its value through the ages to understand its role in our lives as well as how it is influenced by political economy.

Major Events in Silver History

In order to understand the unique place silver occupies in today’s market, we must look at the silver market trends that began in the 1950s. The major events impacting silver price history have been:

1. The U.S. decision to remove silver from silver coins and sell the remaining stockpile into the industrial sector

2. The Hunt Brothers’ failed attempt to corner the market in the early 1980's

3. The last thirty years of growing short concentration

4. The recent inflationary era from 1970's onwards

Read on the history of the Gold Standard

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