You all heard by now of the big Gamestop short squeeze. It has proven that the small man can stick it to the powerful. However there is something that has been suppressed by shorting for decades and that is Silver!
Max Keiser tried to rally for a short squeeze in 2011, but he failed letting the Silver price only spike to 50$ for a short period of time. Today we have a much more interested, educated and motivated lower class and we might just pull it off. One of the big dangers I heard beforehand is that JP Morgan actually bought tons of Silver over the last years so they are at least not that naked.
I kinda fell in love with the whole sound money religion that is quite similar to the cryptosphere. But I did that after my first purchases and my plan is still to sell at some point. Considering the possibilities of what could happen if the WSB degenerates go hard on silver I think I will crank up my sell limit to 300-800$. Target goal for reddit is 1,000$ but I really don't want to hold the bag in the end. I will keep maybe 1/5 of my stack just in case it spikes far above 1k.
Due to heavy demand Apmex - the second biggest Bullion Dealer in the US - stopped selling their silver over the weekend waiting for the market to open tomorrow.
SILVER HANDS, BROTHERS!
