Silver collapsed by over 80% afterward.
Key lesson from 1980:
Silver did not spike because demand was healthy.
It spiked because confidence in monetary policy collapsed.
The spike market at the end of the inflation cycle, not the beginning.
2011: Silver spiked from $18 to $49 in 8 months.
Cause: post-2008 QE, sovereign debt crisis, eurozone panic.
What followed was a growth slowdown, risk-off markets, and years of underperformance.
Silver fell 70% over the next four years.
An important detail that people forget about 2011.
That spike coincided with peak fear about currencies and debt.
Not economic expansion.
Once the policy stabilized, silver lost its bid.
2020: Silver spikes from $12 to $30 in months.
Causes: Covid, a liquidity panic, and historic money printing.
What followed was supply chain inflation, rate hikes, and asset volatility.
Silver peaked early before the pain of inflation was real.
Patterns across every spike.
Silver moves before the data.
Before the CPI peaks.
Before recessions are official.
Before markets fully price in stress.
Why does silver do this specifically?
It’s partly monetary metal and partly an industrial input.
When confidence breaks, monetary demand overwhelms industry reality.
That imbalance creates violent upside moves.
Spikes have not historically signaled a long-term uptrend.
They haven’t signaled strong long-term growth.
They have not marked stable expansions.
They have not been “everything is fine” moments.
When silver explodes higher, history says zoom out.
It means fear of inflation, policy instability, or liquidity stress.
Silver does not ring the bells at good times.
It screams when cracks are forming.
Silver has done this before.
And every time, something broke shortly after.
That’s why this move matters.