Gold and Silver Mirror 1980's Silver Thursday in Unpredictable Market
The current market dynamics of gold and silver show strong historical echoes to the 1980 Silver Thursday episode.
The author expects silver's decline to be shorter than in 1980, due to low COMEX inventories and tighter supply-demand conditions.
The rally in gold since July 2026 may mark the beginning of its second up leg, driven by inflationary pressure and low real interest rates.
The current gold/silver price ratio is near its historical average, indicating less skewed reward/risk between the metals compared to Silver Thursday.