Markets reset bets on silver, gold

When silver hit $50 an ounce in June 1980, the news was greeted ecstatically in any region around the world where silver was mined and processed. I was a young newspaper reporter at the time, working on a story about silver mining in northern Idaho. Most people I talked to said $50 wouldn't last because the market had been pushed higher by the Hunt Brothers' attempt to corner the silver market. But the number I kept hearing at the time was silver might fall back into the $20-to-$30 range, which would st ...