In 1980 silver hit its peak on January 18, 1980 with a close of 49.45. The S&P500 started a 16.69% decline 18 trading days after this peak in silver. The 1980 stock market decline was attributed to an early recession.
In 2011 silver hit a peak on April 29, 2011 with a close of 47.95. The S&P500 started a 17.76% decline 68 trading days from the peak in silver. The August 2011 stock market decline was due to Standard & Poor’s downgrading America’s credit rating from AAA to AA+.
Once again silver is reaching new parabolic highs with the CME raising margin rates. When silver peaks, a decline in the range of 17 percent for the S&P500 would be expected. As of today it would come close to filling the gap created on May 12, 2025 before moving higher.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
