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
Thank you for posting this! It’s exactly what will happen. Otherwise why would the same media that have been straight up lying to us try to “help” us out.
Thank you for pointing out the silver deal too on how hard it would be to achieve the same thing. GameStop is one thing, but the squeeze would have to be much bigger as I understand it
Here is some more information. Read carefully on the topic of Securities lending.
It is big business.
For those wanting a better understanding, read this first: https://www1.interactivebrokers.com/en/index.php?f=46942
Sounds good, right?
https://www.callan.com/blog-archive/securities-lending-101/
So, who is on the hook for what, exactly?
The collateral aims to protect the lender from borrower default and is typically required to be 102%-105% of the value of the borrowed security. On a daily basis, lending agents will mark-to-market to determine if the borrower needs to post additional collateral (“mark-up”) or if the lender must return collateral (“mark-down”) as the value of the borrowed security fluctuates.
So, if the hedgefund play would come to pass, and the stock GME would have decreased from $20 to $15 and I just loaned them my 20.000 shares at 20, meaning 400.000 for which collateral has to be given in the amount of $420.000, at 15 dollars, the collateral would represent 315.000, freeing up 105.000 for the hedgefund to play with.
However, the price went to: $300 and beyond.
do the math.