The media was clearly trying to make a WSB is going after Silver thing happen, even after WSB was clearly saying don't do it
Thoughts on their motive? Was it just to divert the money away from Gamestop?
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Correct me if I'm wrong, but I think they were trying to get ppl to buy PAPER silver. Many people on here have been saying if you buy physical silver that is the way to go to screw them over. They have more paper silver than there is physical silver. So by buying physical silver it will screw the banks that have been selling more paper silver than exists. I've seen it explained that for every oz of real silver there is, there are more paper shares.
I'm still trying to wrap my head around this, but I'd love some more knowledgeable people to share their insights :)
Possibly 250 paper to ONE physical ounce. Current asking price is $26.50 or so, if it goes to $100, those who sold the paper for $25 will be getting slaughtered.