Silver was up over $80 under Little Jimmy Cah-ter.
The metal has a long way to go.
That was because of the Hunt Brothers trying to corner the market. This time it is a natural upswing that will become more pronounced as silver is used in more and more uses industrially.
Also, the paper silver market is about to burst, as more and more people and countries want REAL silver, not paper promises.
The Hunt bros had cornered two-thirds of the market back then.
I don't remember silver spot ever being that high. I know it reached 50 back in the 1980s. But never 80.
I do not believe it got that high:
January 1980: Briefly touched $49.45 per ounce during a market corner attempt.
April 2011: Reached approximately $48.70 per ounce.
What is silver’s all-time high price?
The silver all-time high was US$60.56, which it set on December 9, 2025.
The price of silver has rallied in 2025, and first broke its previous all-time high on October 9. Since then, it has tested the US$54 mark multiple times, before finally making a decisive move above it on November 28. That day, the silver price spiked to US$56.53 following a 10 hour shutdown of trading on the CME Group’s (NASDAQ:CME) Comex and surrounding speculation on the cause.
Silver continued setting new highs over the following week, with the latest coming on December 9, as expectations of a US Federal Reserve rate cut at the December 9 to 10 meeting rose.
Before October 9 of this year, the white metal’s all-time high had been the same for 45 years — silver’s former all-time high was US$49.95, and it was set on January 17, 1980.
That’s what I was thinking. Didn’t the Bass family try to corner the silver market around 79-80?