In the seventies the U.S. economy was characterized, as in Europe, a rising rate of inflation. Hunt's family, one of the richest families in Texas, decided to protect themselves from the proposed devaluation of the dollar. Since U.S. laws prohibiting the possession of gold, the brothers William Herbert and Nelson Bunker Hunt pointed on silver slowly raking the metal sold. In 1973 the price of silver was $ 1.5 an ounce.

In 1979, the hoarding of metal accelerated thanks to the close agreements with rich Arab traders. The prices began to rise, reaching $ 5. Thanks to round-up of large quantities of futures contracts, the ascent became the beginning of 1980, unstoppable. The group led by brothers Texans now controlled 200 million ounces, an amount equal to about half of silver available in the world ready for consegna.Le prices soared to touch the level of $ 52 an ounce. The colossal task seemed bullish winner. A neighbor looked upward as the doors were about to blow a lot of strong hands that were placed downwards to stratospheric amounts of silver sold short.

But Hunt had not taken into account the reaction of the U.S. government. These dramatically intervened by raising margins on futures contracts of COMEX. Caused thereby forced selling by speculators who were fragile in the game bullish buying through leverage, massive quantities. The same Hunt were overwhelmed.

At COMEX still remembers with concern the tragic meeting of 27 March 1980 which saw the incredible price of silver down from 21.60 to $ 10.80. A drop of 50% in a few hours.

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