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Silver price history in 1960–2020 showing the Silver Thursday event in 1980 Gold price history in 1960–2020 showing the Silver Thursday event in 1980. Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980, following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt (collectively known as the Hunt ...
The price of silver concurrently rose from $17 to $30 as the elections approached. In late 2010 and 2011, silver found a "new normal" between $25 and $30. In 2011, Republicans in Congress demanded deficit reduction be part of legislation raising the nation's debt-ceiling.
Silver prices are normally quoted in troy ounces. One troy ounce is equal to 31.1034768 grams. The London silver fix is published every working day at noon London time. [110] This price is determined by several major international banks and is used by London bullion market members for trading that day.
[19] (p 74) In Exodus 21:32, 30 pieces of silver was the price of a slave, so while Zechariah calls the amount a "handsome price" (Zechariah 11:13), this could be sarcasm. Webb, however, calls it as a "considerable sum of money". [20] Schilder suggests that these 30 pieces of silver then get "bandied back and forth by the Spirit of Prophecy."
Interest in silver mining has increased in recent years because of an increased price for the metal: the average silver price increased from $4.39 per troy ounce for the year 2001, to $13.45 per troy ounce for 2007. [2] In 2011, silver prices rose to almost $49 per troy ounce in April before dropping to around $34 per troy ounce in late June.
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