Silver Price Crash: 35% Drop in Two Days, Investors Ruined; Echoes of 1980
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Moneycontrol•01-02-2026, 09:52
Silver Price Crash: 35% Drop in Two Days, Investors Ruined; Echoes of 1980
- •Silver prices crashed over 35% in two days, with a 9% fall on MCX on Sunday, February 1, impacting investors.
- •Gold also saw a 9% drop on MCX, hitting its lower circuit, causing significant losses for investors.
- •The current market decline is being compared to the historic 1980 'Hunt Brothers' incident, where silver prices collapsed dramatically.
- •In 1980, the Hunt Brothers' speculation led to silver prices soaring 25 times before a 50% single-day crash on 'Silver Thursday'.
- •Experts attribute the recent crash to profit booking after record highs, silver's high-beta nature, and a strengthening US dollar.
Why It Matters: Silver prices plummeted over 35% in two days, ruining investors and drawing comparisons to the 1980 crash.
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