Why do you think every major media outlet is pushing it? They are trying to take the focus off GameStop which is the real issue because they shorted it over 100%. Citadel owns a massive amount of SLV and they are trying to draw the price up at your expense to cover their GameStop loss. Don’t buy silver unless it’s physical Source: https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/ Lots of stuff on WSB about it too
Edit: looks like the shills have switched to telling us to buy silver and less of the “q is a domestic terrorist” line. They must have gotten an NPC upgrade over the weekend
You offer nothing to back-up your claim that Citadel owns "a massive amount of SLV". Your post is nothing but misinformation; except for the blurb about buying physical Ag.
exactly ^^
Citadel owns 10m ounces of physical silver.
BUT THEY SOLD 50M IN PAPER SILVER
If the price of silver is pushed 5-10$ now citadels physical is worth 100m
BUT GUESS WHAT YOU SMOOTH BRAIN RETARD!!!
THEY NOW OWE 500b in paper silver
NO CAN PAY OUT ON THE PAPER SILVER IF IT GOES UP IN PRICE
Yep! Exactly right. They profit and it is all about taking the focus off GME.
The reason that physical silver is ridiculously low compared to gold, for instance, is because the big boys are SHORTING it. This post goes hard against that grain.
My entire thing is not to buy $SLV in an attempt to short squeeze it, buy physical silver if you want to make a dent.
His source is opinions on reddit
Added some source to the text. Not misinformation at all actually