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Rating:Silver Thursday was an event that occurred in the United States in the silver commodity markets on Thursday, March 27, 1980. A steep fall in silver prices led to panic on commodity and futures exchanges. Nelson Bunker Hunt and William Herbert Hunt, the sons of Texas oil billionaire Haroldson Lafayette Hunt, Jr., had for some time been attempting to corner the market in silver.
read moreSilver, like other precious metals, may be used as an investment. For more than four thousand years, silver has been regarded as a form of money and store of value. However, since the end of the silver standard, silver has lost its role as a legal tender in all developed countries, although some countries mint bullion and collector coins like the American Silver Eagle with nominal face values.
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