They sold metal they do not have,after borrowing it from slv or whatever. If the try to buy it back , the price goes up so they can't afford it. The past year demand for silver has been very high,but they keep shorting the price down hoping we loose interest. Hasn't worked,they just dug a deeper hole. Goto r/ wallstreetsilver and read the DD
Shorting usually means selling without owning, so you are betting that the price of silver will drop. Once the drop has occured, you can buy silver at the now cheaper price and close your negative (since you sold at the beginning) position with a profit.
What does shorting mean?
They sold metal they do not have,after borrowing it from slv or whatever. If the try to buy it back , the price goes up so they can't afford it. The past year demand for silver has been very high,but they keep shorting the price down hoping we loose interest. Hasn't worked,they just dug a deeper hole. Goto r/ wallstreetsilver and read the DD
Shorting usually means selling without owning, so you are betting that the price of silver will drop. Once the drop has occured, you can buy silver at the now cheaper price and close your negative (since you sold at the beginning) position with a profit.
So basically gambling.
Gambling with the possibility of infinite losses. WAY riskier.