Silver Eyes $92, Brings Historic 1980s 'Silver Thursday' Crash Back in Focus - Global X Silver Miners ETF (ARCA:SIL), Amplify Junior Silver Miners ETF (ARCA:SILJ)

Core Viewpoint - Silver prices have reached an all-time high of $91.564 per ounce, driven by steady U.S. inflation and geopolitical instability, raising concerns about a potential market bubble reminiscent of the 1980 crash [1][2][5]. Group 1: Price Movement and Market Drivers - Silver spot prices surged to $91.564, with a daily increase of 3.84% to $90.2635, trading within a resistance zone of $90.15–$92.40 [2]. - The rally is attributed to a "perfect storm" of supportive macroeconomic data and increased safe-haven demand due to global uncertainties, including civil unrest in Iran [2][3]. - Softer-than-expected U.S. inflation data, with Core CPI steady at 2.6% year-on-year, has led to expectations of Federal Reserve rate cuts in 2026, further supporting silver prices [3]. Group 2: Historical Context and Caution - Historical comparisons indicate caution, as silver prices have tripled over the past year, marking the most aggressive year-over-year gain since early 1980 [4]. - The 1980 rally ended in a significant market crash, with prices collapsing over 50% in a single session on "Silver Thursday" and losing 90% of their value by 1982, raising fears of a similar overheating in the current market [5]. Group 3: Technical Analysis - Key technical levels for silver include immediate support between $86.10 and $84.75, with a critical ceiling at $92.40 that traders are monitoring [6]. Group 4: Investment Opportunities - Performance of silver and silver mining-linked ETFs over various time frames shows significant gains, with notable examples including: - iShares Silver Trust (NYSE:SLV): 126.97% over 6 months, 188.97% over one year - abrdn Physical Silver Shares ETF (NYSE:SIVR): 127.10% over 6 months, 189.45% over one year - Global X Silver Miners ETF (NYSE:SIL): 87.32% over 6 months, 187.55% over one year - Amplify Junior Silver Miners ETF (NYSE:SILJ): 105.24% over 6 months, 204.74% over one year [7].