re: This could be something....Look beyond equities, Silver to be the next short squeeze

I figured AG had the best chance to get squeezed so I bought calls Friday. I should have held the stock also.

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Numerous threads on the front page of WSB warns that the silver squeeze is fake news.

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The buying of Bullion is real. A lot of fomo gme traders on wsb are about to learn a hard lesson.

I thought I could get in around 21-22 this morning, whoops. My funds are supposed to drop on etrade today. Any idea of what time that may happen? 8 or 9AM est?

WSB has been been saying that since last week and wackimg everything to do with silver. Its almost gotten to the point where they dont want anything posted that's not GME.

There's now a WSSilver forum that's growing pretty fast.

The run on physical silver is real. Go look what happened to some of the biggest online dealers.

Physical Silver $30.03

whats the play here? Don't want the hassle of physical bullion.

SLV? AG? Keep it simple.

I bought 13 pounds of sterling serving sets about a year and a half ago for $250. My buddies laughed at me. They aren't laughing this morning.

AG

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The run on physical silver is real. Go look what happened to some of the biggest online dealers.

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This is true .... and premiums have skyrocketed. Two of my dealers have stopped taking orders entirely ... too many orders to manage they say. However, I think APMEX admits the truth here.

Here's a letter I received 10 hours ago from APMEX, one of the biggest dealers in the US:

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To our valued customers, APMEX Statement On Current Market Conditions:

In the last week, we have seen a dramatic shift in Silver demand from our customers. For example, the ratio of ounces sold per day was running about two times earlier in the week and closer to four times the average demand by the end of the week.

Once markets closed on Friday, we saw demand hit as much as six times a typical business day and more than 12 times a normal weekend day.

Combined with the extremely high demand levels, we are also seeing a surge in new customers. On Saturday alone, we added as many new customers as we usually add in a week.

Any Precious Metal dealer will take a long position in the futures market to protect against spot price exposure when the markets open. We do this because it is our goal not to take a speculative position on metal. The weekends are unique as we are not able to real-time hedge our position.

We took an aggressive position this weekend, but clearly could not have predicted the volumes that were seen. We have partnerships around to world that allowed us to cover these long positions, but only to a point. Once we exceeded our comfort levels, we had little choice but to stop the sale of Silver on our website. This was a difficult decision to make and unprecedented in our history.

As we evaluate the markets, it is difficult to know where Silver's price and demand will go in the coming day and weeks. APMEX is highly capitalized and has more than $150 million in inventory to support demand. We have made strategic decisions to procure additional metal, locking up any metal we can find in the market place. We suspect premiums will rise and rise quickly, as we are seeing significant increases in our costs, when we can even locate the metal.

It is also highly likely that we will need an additional day or two to fill orders based on current order counts. The one guarantee we can make to our customers is that you will only be sold metal that is on-site, or we have procured the metal with a firm commitment date from our partners.

In markets like this, we feel this is the best approach a retailer can take, as no one can predict product availability. We want to thank our customers for their patience and understanding during these turbulent times. APMEX prides itself on best in class service and delivering on promises to our customers.

Sincerely, Ken Lewis CEO, APMEX

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I think AG has a lot of short interest

Funds officially hit. Let’s RIDE AG