What was the gold price before Hunt silver squeeze?

Gold's monthly average was $455 a troy ounce in Dec 1979, the month before.

Gold after Hunt silver squeeze (18 Jan 1980)

Q: What did silver do after Hunt silver squeeze?

After Hunt silver squeeze, silver was 33.8% lower three months on and 34.2% lower twelve months on, measured from the Dec 1979 monthly average.

After Hunt silver squeeze on 18 Jan 1980, gold was 13.6% higher three months on and 22.4% higher twelve months on, measured from the Dec 1979 monthly average of $455 a troy ounce.

Gold before: $455; Dec 1979
Gold +3 months: +13.6%
Gold +12 months: +22.4%
Silver +12 months: -34.2%

In context

Silver peaked near $50/oz as the Hunt brothers’ hoard squeezed the market; COMEX curbs followed and the price collapsed on Silver Thursday (Mar 27).

Over the same months silver was 33.8% lower three months on and 34.2% lower twelve months on.

Of the 10 geopolitical or monetary shocks on the chart with a full year after them, this ranks 6th for gold twelve months on.

The geopolitical or monetary shock before it on the chart: Soviet Afghanistan (27 Dec 1979).

The one after: Grenada (25 Oct 1983).

Monthly average prices in U.S. dollars per troy ounce (Kitco.com and the World Bank Pink Sheet), from the last full month before a period to its last full month; the record runs Feb 1971 to Oct 2026. What the record did, not a forecast. Source: en.wikipedia.org.

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Updated Oct 2026 · record through Oct 2026