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
I remember a few years ago getting into it because there were hundreds of ounces of paper silver for every ounce of real silver, which is a pretty self explanatory recipe for under-pricing the market value.
that isn’t even it
there are thousands of ounces SHORTED on paper for every real ounce
Yeah I think that is still true, but right now Melvin Capital and Citadel are pushing to take the focus off of the actual squeeze. The time for silver will come