Silver Thursday

Filed Under »
Dictionary Says

Definition of 'Silver Thursday'

A steep fall in the price of silver that occurred on Thursday March 27, 1980. The sharp drop, on Silver Thursday, was triggered by a failed attempt to corner the silver market and it led to massive panic in other commodities.
Investopedia Says

Investopedia explains 'Silver Thursday'

The attempt to corner the silver market was made by brothers Nelson Bunker Hunt and Herbert Hunt. The sharp sell-off occurred once the two men were unable to meet various margin calls that were caused by short-term weakness in the silver price. A group of U.S. banks needed to step in with a $1.1 billion line of credit, which helped bring stability back into the futures markets.
Search results for

'Silver Thursday'

  • Silver Thursday: How Two Wealthy Traders Cornered The Market

    http://www.investopedia.com/articles/optioninvestor/09/silver-thursday-hunt-brothers.asp
    Silver Thursday: How Two Wealthy Traders Cornered The Market. July 08 2009 | Filed
    Under ยป Derivatives, Futures, Millionaires, Options, Short Selling. ...

  • This Week in Financial History: Bre-X, Silver Thursday And ...

    http://financialedge.investopedia.com/financial-edge/0310/This-Week-in-Financial-History-Bre-X-Silver-Thursday-And-Adelphia.aspx
    ... This Week in Financial History: Bre-X, Silver Thursday And Adelphia.
    Posted: March 23, 2010 9:10AM by Andrew Beattie. ...

  • Is Silver The New Gold? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0611/Is-Silver-The-New-Gold.aspx
    ... (For more on silver, read Silver Thursday: How Two Wealthy Traders Cornered
    The Market.). TUTORIAL: Investor Guide To Commodities. ...

  • The Silver Lining

    http://stocks.investopedia.com/stock-analysis/2010/The-Silver-Lining-SLW-SIL-SLV-PAAS0825.aspx
    ... with two purchases. (For related reading, take a look at Silver Thursday:
    How Two Wealthy Traders Cornered The Market.). Use the ...

  • Commodities: Silver | Investopedia

    http://www.investopedia.com/university/commodities/commodities18.asp
    ... (Find out how the largest speculative attempt to corner the market went awry in
    Silver Thursday: How Two Wealthy Traders Cornered The Market.) Factors That ...

  • 10 Biggest Losers In Finance Slideshow | Investopedia

    http://www.investopedia.com/slide-show/biggest-losers-in-finance
    ... in January 1980. Silver prices ultimately crashed on March 27, 1980, on
    a day now deemed as Silver Thursday. Nelson Hunt was fined ...

  • Market Speculators: More Help Than Harm

    http://www.investopedia.com/articles/basics/09/the-function-of-speculators.asp
    ... Both Mr. Copper and Silver Thursday are examples of ongoing manipulations that
    eventually collapsed as more market speculators entered opposing trades. ...

  • 4 Top ETFs From The First-Half Of 2010

    http://stocks.investopedia.com/stock-analysis/2010/4-Top-ETFs-From-The-First-Half-Of-2010-KBE-C-RWR-GDX-ABX-SLV0628.aspx
    ... received an upgrade from Credit Suisse on Thursday. The company's operating cash
    flow more than tripled in Q1 to a record $1.05 billion. Silver has also ...

  • The Week Ahead: For Stocks, The Debt Ceiling's the Limit

    http://stocks.investopedia.com/stock-analysis/moneyshow/TheWeekAheadForStocksTheDebtCeilingstheLimit.aspx
    ... pattern (lines c and d) last week, as UUP gapped through support on Thursday. ... Gold
    & Silver The SPDR Gold Trust (GLD) traded in a range between $154 and ...

  • The Week Ahead: How Far Will Stocks Correct?

    http://stocks.investopedia.com/stock-analysis/moneyshow/TheWeekAheadHowFarWillStocksCorrect.aspx
    ... and spent the rest of the week moving higher as gold and silver closed just ... Stocks
    accelerated to the upside last Thursday, which was likely fueled by short ...

Related Articles

Partner Links