Don't believe the hype! r/wallstreetbets is just an open board not some secret savior organization.

Silver exploding actually hurts the GME trade.

The major players on the "short side" of the GME trade are bleeding capital primarily Citadel. But don't ya know who is massively long SLV, if you guessed Citadel you would be correct!

Mind you I am a stacker of silver and have been for decades now. I like physical silver, in fact when I saw last week what reddit users were doing I had a hunch that the silver market would explode.

Why?

The shorts in GME needed cash and they needed it fast, what better way to raise cash then to place a rather false report that the GME boys were now attacking Silver. On the entire board only two posts even mentioned SLV and one of those has been deleted. In short, this was "fake news".

Citadel Capital just made a ton of needed $$$$$ to continue trying to close the short position. By the way they have not yet closed that position. If they had why is GME still trading in the nosebleed section. On Friday many options expired. Now comes the FUN part of this saga, the shorts have to actually deliver the shares.

The real question is: Do the shorts have the shares?

In addition, trying to cover the short position in GME almost caused a liquidity FREEZE in the entire market. Commercial Bankers had to sell whatever assets they could find. As we all know the playground of the Commercial Banks is the COMEX futures market. I suppose they were forced to close many of their short positions in silver to raise that money.

What is more interesting is how many people ran out and bought physical silver.

We live in interesting times.