Editor’s Note
This article explains the market nickname for silver, highlighting its volatility due to a smaller market size than gold. Traders use this term to reference its sharp, unpredictable price swings.
Market News Words to Know the Market
This is a nickname used for silver in the precious metals market. Because the market size of silver is smaller compared to gold, its price can skyrocket and then plummet immediately after capital inflows and outflows. Due to its volatile and hard-to-predict price movements, it is used as slang symbolizing silver among precious metals traders.
The ‘Devil’ Symbolizing Event
An event symbolizing the ‘devil’ occurred between 1979 and 1980. In the United States, the Hunt brothers, speculators, attempted to corner the silver market, buying up 1 ton…
