Your Ai is partly correct, but I think my Hi is better.
My experience in Mexico is with mines that produce only bonanza grades of silver. Silver is so finely disseminated in the ore only a trained eye can recognize it.
”Jalisco MEX has significant silver districts, including near the Cuale River area (like San Sebastián del Oeste), with companies like First Majestic and Endeavour Silver exploring properties (Terronera project is a big one in Jalisco) with high-grade silver, though specific "Cuale" mine info needs drilling down, but the region is rich in silver history.”
Silver has no choice, it must crash.
Here are three of the most significant silver price crashes in history, along with approximate run-up durations and how fast the drops occurred:
1. Silver Thursday (1980)
The biggest crash ever
Run-up:
- Price climbed from around ~$6 / oz at the start of 1979 to near $49.45 / oz by January 1980 — a roughly 713% increase over ~12–13 months as the Hunt brothers tried to corner the market.
Crash:
- On March 27, 1980, silver plunged from about $21+ / oz to roughly $10.80 / oz in a single day once margin calls forced massive liquidations — a drop of nearly 50% in just one session.
Why it matters:
- This is by far the most famous and dramatic silver crash, triggered by leveraged speculation and exchange margin rule changes.
2. 2011 Peak & Subsequent Drop
Run-up:
- Silver rallied strongly after the 2008–2009 financial crisis, rising from about $10–$15 / oz (2008) to nearly $49 / oz by April 2011 — roughly a 4–5× increase over ~2.5–3 years.
Crash / decline:
- After peaking, silver did not sustain the highs and entered a multiyear decline — by 2013, prices fell from around $30+ / oz to about $19 / oz — roughly a 36% drop in about a year.
Why it matters:
- This wasn’t a single-day collapse like 1980, but it was a significant bear market after a speculative run, influenced by macro shifts (strengthening dollar, less monetary panic demand, rising interest rates).
3. 2013 Silver Correction
Run-up preceding the crash:
- Silver started 2013 near $30 / oz following the earlier bullion market recovery.
Crash:
- Over 2013, silver slid to roughly $19 / oz — a ~36% decline over 12 months.
Why it matters:
- This was a longer-term downward correction, tied to fading safe-haven demand as markets stabilized and the dollar strengthened, and gold and silver less correlated with crisis sentiment.
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