You getting played. Silver is not the new GME. You won't be able to trigger a short squeeze. And again, Citadel hold 2mill SLVs, Silver price goes up, SLV price goes up.
I saw 37 million options for Citadel, and JP Morgan has between 600 million and a billion ounces of physical silver. Silver is a magnitude of scale larger than anything GME could do. Silver is a cornered market by a handful of large $$$ players.
If there isn’t enough physical silver to cover the short, the big players holding paper silver will be paid out in worthless fiat. Who the fuck cares what the price is (in fiat) if the currency is being devalued due to rapid inflation.
You can’t base an assets value in a fiat currency that is failing. What happens when no one wants to hold the petrodollar? All of a sudden silver is looking pretty good. At least it has an agreed upon, tangible value.
At least your silver stacks can’t be wiped out from an EMP or solar flair.
You buy physical Silver -> SLV goes up.
You getting played. Silver is not the new GME. You won't be able to trigger a short squeeze. And again, Citadel hold 2mill SLVs, Silver price goes up, SLV price goes up.
Silver is a good investment, period.
If you're buying silver en masse like a stock, you're doing it wrong.
Silver is long game, retirement futures.
I saw 37 million options for Citadel, and JP Morgan has between 600 million and a billion ounces of physical silver. Silver is a magnitude of scale larger than anything GME could do. Silver is a cornered market by a handful of large $$$ players.
If there isn’t enough physical silver to cover the short, the big players holding paper silver will be paid out in worthless fiat. Who the fuck cares what the price is (in fiat) if the currency is being devalued due to rapid inflation.
You can’t base an assets value in a fiat currency that is failing. What happens when no one wants to hold the petrodollar? All of a sudden silver is looking pretty good. At least it has an agreed upon, tangible value.
At least your silver stacks can’t be wiped out from an EMP or solar flair.