Every so often, silver jolts the market out of complacency. It did so in 1980, again in 2011, and now, yet again, in 2025. Prices recently surged to just under $39 per ounce, their highest since 2011. But if we’re to believe this is just a technical rally or meme-driven flash, we may be missing the forest for the glinting trees. Because silver, more often than not, isn’t reacting to hysteria. It’s revealing it. Silver’s historical spikes are rarely without context. In 1980, silver neared $50 amid rampant inflation and crumbling faith in the US dollar. Back then, America had to borrow in foreign currencies to find ... (full story)