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    1. coinfeeds-bot on

      tldr; Silver Thursday, March 27, 1980, marked the collapse of silver prices following the Hunt brothers‘ attempt to corner the silver market. Using inherited wealth, they acquired one-third of the world’s privately-held silver, driving prices to over $50 per ounce. Regulatory changes and margin calls led to a price crash below $11, leaving the Hunts unable to meet obligations. They faced fines, bankruptcy, and trading bans. Their actions created a market bubble, prompting new rules like ‚Silver Rule 7‘ to prevent similar manipulations.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. >Concerns that the Hunts might not be able to meet margins with new loans and would go under (pulling several brokerages and banks with them) put further downward pressure on the price of silver.

      People here will understand when it’s too late 🙂

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