Can silver be short-squeezed to $1,000? There is a chance that Reddit day traders which are part of the Wall Street Bets crowd are turning to silver for their next short-squeeze target. Trading platforms are restricting users from buying hot stocks like GameStop and AMC, but Friday tat list was expanded.
Robinhood's list included sliver names as well which makes me believe there might actually be some merit to thew squeeze.
Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC
Writes one user on WallStreetBets
We know billion banks are manipulating gold and silver to cover real inflation. Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.
Says a follow up post.
I personally think there is more to this trade than just a reddit driven momentum trade. There is going to be industrial demand for silver with Biden's pro green agenda which will drive demand for green energy and 5G telecoms installations
From the technical side silver's higher beta should also raise its investment appeal as it's greater volatility makes it more lucrative for trading over other metals. Silver is currently trading well below its all time high in 2011 of over $50. Once the expected rally in the precious metals complex resumes, this may well encourage aggressive tactical buying from those who believe silver remains undervalued relative to gold.
SLV
After reading about the silver squeeze I started looking at the SLV etf and noticed some very suspicious activity that $25 was a big strike that could cost the banks, but the etf closed at $24.99 with a last min drop right before the bell.
This manipulation was furthered by the buying restrictions...
With that I did buy my max SLV and AG shares while also opening some SLV contracts. I then headed over to APMEX and bought $150 in coins.
I'm new to buying silver so any help by the great people of the #silvergoldstackers community have any tips let me know!
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