It will be 50x harder to bid silver up to the moon than it was for GameStop. Squeezing silver to $100+/oz. will be very hard for even a few million Wall Street Bets users to to. The only way it can happen is the big boys panic buying it (Tesla, Samsung, Foxconn, ...) as well as hedge funds wanting to ride the wave.
However, I don't think you have much to lose at the current price of $35/oz. It can't possibly go lower than $20. If you want to buy in, order physical bullion, not the ETFs (which are owned by Citadel and JPMorgan). Only bet what you're happy to lose 50% of.
It will be 50x harder to bid silver up to the moon than it was for GameStop. Squeezing silver to $100+/oz. will be very hard for even a few million Wall Street Bets users to to. The only way it can happen is the big boys panic buying it (Tesla, Samsung, Foxconn, ...) as well as hedge funds wanting to ride the wave.
However, I don't think you have much to lose at the current price of $35/oz. It can't possibly go lower than $20. If you want to buy in, order physical bullion, not the ETFs (which are owned by Citadel and JPMorgan). Only bet what you're happy to lose 50% of.
Yeah, the whole silver hype became suspicious to me when I saw that CNBC, Bloomberg and Fox Business were pushing it.