What Are The Biggest One Day Moves In Silver?

[Silver Shield]

Somebody on GIM1 had the five biggest days in silver $ and %.

Anyone got it?

Today has to be best day since I bought in 05...

I am sure during the Hunt Brothers days there were bigger, what were they?

[1970 silver art]

Today is the biggest one-day move that I have seen silver ever since I started buying it. I am sure that there were other one-day moves that were bigger than today but I have not seen them.

[Ponce]

In 79 the top was a dollar a day...........broken many times.

[Twisted Titan]

In 79 the top was a dollar a day...........broken many times.


Bump anybody got that chart???

[Sparky]

Don't have the daily, but here's a chart that shows a rise from $17 to $42 over a period of about 6 weeks, or about 30 trading days. That's an average of 75 cents per day over a 6 week period!

[Silver Rocket Bitches!]

Don't have the daily, but here's a chart that shows a rise from $17 to $42 over a period of about 6 weeks, or about 30 trading days. That's an average of 75 cents per day over a 6 week period!



Back then you didn't have the luxury of Kitco realtime charts, you had to watch the local dealer write the spot price on a chalkboard.

I bet their arm got tired real quick!

[Sparky]

What struck me in looking at the historical chart was how the silver price in the 1970's bull really moved up in three distinct surges, with the last surge really comprised of two incredible rockets.

The price of silver had been set at $1.29 in the mid-1960s. Went it was "let go", the price doubled in a year, and then drifted back to $1.29 over the next several years. Then it surged to $6 in 1973-74, and settled back down to $4 over the next several years. It returned to $6 in 1978, rocketed to $18 in 1979, and then blew off to $43 in early 1980.

The wild swings of 2008-2009 make it hard to see an analogy, but if you smooth it out, you see a baseline price of about $4.25 at the beginning of this bull, a move to the $6 range in 2004-2005, a doubling to the $13-14 range in 2006-2009. Will this latest surge be a double to $27, or a triple to $40? Will the ultimate blowoff be a doubling from $27 to $54, or a tripling from $40 to $120? My guess has always been in the middle of that range at around $75, in the 2013-2105 time frame.

[Ponce]

Bought my silver in 1972 at $2.45 + 0.50 = $2.95 and sold at $43.65, it then went up to $51.12, in two days, and the dropped like a rock...............I sold high because I was lucky and not because I was good since for a long time I was paying no attention to the market.