Different market dynamic in the 80's. You had the Hunt brother conspiring to corner the market. Now you have industrial usage and growing investor demand - wide range of people fleeing fiat currencies for hard assets worldwide.
I read that the U.s. Mint will issue more Silver Eagles this year than all the Silver mined in the U.S. and they will still have to go into the market to make up for the short fall.
The word Silver is the term for money in 50 launguages.
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