this article does a really good job of explaining what is ocurring in the metals complex, and particularly Silver .... g/l

Also offers a prediction on what might happen with the Reddit boyz and Silver at the end of April .....

quote:
While currently still holding above their post 2011 lows, the prices of gold and silver might be reaching the end of the near 10-year volatile bear market.

The odds are that a new bull market is now waiting in the wings, largely a consequence of the REDDIT Apes and their intended bear squeeze in silver, which has ignited widespread attention on silver, including among despondent long term bulls. The silver Apes have learnt a good deal from the abortive attempt to shake the market at the end of February and they will put that knowledge to use during April, in preparation for the May futures at the end of the month.

Knowing what is likely to await them at the end of April, the logical course of action for the Cabal is to relax all selling and let the prices of gold and silver rise as steeply as possible without triggering an out of control bull market. This is to afford new bulls with the least opportunity to go long of May options or May futures at low prices.
Then they can again attack the market later in April to limit the number of options in the money and profitable futures as much as possible.

The counter strategy for the Apes and friends would be to buy what is on offer on Comex and target the physical metal in retail shops and at PSLV. Then to wait in ambush late in April when the selling commences and Comex silver will be available in volume, with sufficient contracts standing for delivery at the again low prices to clean out the Comex vaults.

If this happens, we could see a repeat of what happened last May/June, but this time with no sudden end the bull market, as had happened last year in August. Speculation and supposition, but well within the realm of the possible. The fight-back could be in full swing soon.

https://www.gold-eagle.com/article/preparing-april-surprise

This post was edited on 4/6/21 at 3:42 pm