🚨 The Billionaire Brothers Who Tried to Corner the Silver Market
In the late 1970s, Nelson Bunker Hunt and William Herbert Hunt, heirs to a Texas oil fortune, attempted one of the boldest financial plays in history—to corner the global silver market.
✔️ They quietly accumulated over 100 million ounces of silver, both physical and futures contracts.
✔️ As demand surged and supply tightened, silver prices skyrocketed from $6 to nearly $50 per ounce.
✔️ The Hunt brothers’ holdings were worth billions, and they seemed unstoppable—until the crash.
This wasn’t just a market move—it was a financial power grab that shook Wall Street and the U.S. government.
💰 The Rise – How They Manipulated a Global Commodity
🚨 The Hunts believed silver was undervalued and a hedge against inflation.
🚨 They used offshore accounts and leveraged futures contracts to buy massive quantities.
🚨 Their buying spree caused a global silver shortage, triggering panic and speculation.
For a moment, they controlled nearly one-third of the world’s non-government silver supply.
🔥 The Collapse – Silver Thursday (March 27, 1980)
✔️ The U.S. government and COMEX changed the rules, limiting silver purchases on margin.
✔️ Prices plummeted overnight, from nearly $50 to under $11 per ounce.
✔️ The Hunts couldn’t meet margin calls and lost over $1 billion in a single day.
The crash triggered market chaos, lawsuits, and congressional hearings.
⚖️ The Fallout – Legacy of the Silver Squeeze
🚨 The Hunt brothers were charged with market manipulation and fined heavily.
🚨 Their empire crumbled, and they filed for bankruptcy.
🚨 The case led to stricter regulations on commodity trading and margin requirements.
The Silver Squeeze remains one of the most dramatic financial power plays ever attempted—and a cautionary tale about greed, leverage, and regulatory backlash.
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