Silver is knocking on the door of history again. After a blistering 17% surge this month, silver prices are now hovering near $47/oz, just shy of their all-time highs from 1980 and 2011.

The trajectory looks eerily familiar but this time, the reasons behind the rally may be fundamentally stronger. Advertisement

In a LinkedIn post, Vaibhav Jain, CFA, CMT, draws a sharp contrast between silver's three epic price spikes over the last five decades, asking a compelling question: "Will Silver be 3rd time lucky?"

The chart he shared—shown above—shows three towering peaks:

1980, driven by the infamous Hunt Brothers’ attempt to corner the market, which sent silver from $6 to $50 before a regulatory crackdown crushed it.

2011, when post-2008 money printing, Eurozone crisis, and inflation fears

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