Superior in luster, value, and perception, gold is the king of metals.
Silver has always played second fiddle to its big brother.
The “gentleman’s metal” has a natural tendency to go under the radar compared to gold.
And it’s also likely why it’s been the target of many more conspiracies, both real and imagined.
From the days of the Hunt Brothers cornering the silver market to the JP Morgan and “cartel” shorts, there’s no shortage of silver conspiracy theories.
But perhaps none are more famous than the “Silver Massacre” of early May 2011.
In 2011, the price of silver was flirting at $50 per ounce and was nearly 20% higher in the dealer market. (Gotta love those bullion dealer premiums, they make stockbroker fees look moderate).
It seemed like it was finally silver’s time to shine.