ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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SILVER-How High the Sky and Why

SILVER How High the Sky and Why?
Angus Hone THE post-Afghanistan surge which drove silver to an unprecedented high of 1900-2000 pence per oz in London and $ 43-46 per oz in New York and on Comex in Chicago is now over. Those who sold silver short at the $ 18-20 level have retired to lick their wounds and replenish their shattered bank balances, but the link with gold is now totally broken (people continued to look in vain for gold/oil ratios), but there is no theory which can satisfactorily explain the silver price explosion from $ 6-7 per oz in November/ December 1978 to $ 42 per oz in January 1980.

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