silver past highs

[craig12]

when silver hit $44 some years ago ,what caused it to get to that price  but more importantly why couldn't they keep it under the $19 range that weve seen for so many years , the London gold fix existed in that year didn't it?   isn't this the measure of how they fix the price ,  and there would have been paper trading to bring the price back down back then ,   so put simply does anyone know what caused this and why they couldn't stop the price from getting to £28 or so  

[craig12]

nobody know?

[Scuzzle]

Was it not the transition of Bear Stearns silver division to JP Morgan that caused the momentary rise, they lost their grip for a short while during the 2008 collapse.  

[HawkHybrid]

my reasoning for what happened is a demand frenzy similar

to what happened in 1980 before it. people saw a chance to

make money so took it. the silver market is a very small

market compared to other markets. if the gold price rises on

average by ~10% every year since 1971, and the average gsr

was ~30 and is mined a ratio of 9-1 versus gold. then every

year the gold market increases by the equivalent of a third

of the silver market in monetary terms. why would they

suppress such an unimportant market?

 

HH