Don't forget the Hunt brothers in 1980 (or was it 1981). Silver skyed (~$50/oz) then SERIOUSLY crashed. I believe there was also a lesser event about 1990. Oh, and I'm 40 years older!
Don't expect a repeat of the Hunt run up --and hope we don't have one. A lot of money was lost by a lot of people (besides the greedy Hunts) in a matter of hours.
Well the money doesn't just disappear. The people who were long in silver lost money, but the people who were short in silver made money. In 2011 I think silver hit $40.