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

this hasnt been as nearly has fun as GME

True. Although moving a historic commodity like Silver is quite a bit harder than moving a dying video game company

It just hasn't gained enough attention from the WSB crowd. Everyone is keyed in on GME after the RH shenanigans.

From Mike Maloney,

The spot price of silver rocketed up this morning, rising 6.8% at one point, its largest one-day gain since last August.
silver up 6.8%
Why? Silver is now the target of Reddit investors. The very same group that sent shares of GameStop soaring 800% and AMC over 500%... just this week... are now jumping into the silver market.
In other words, today’s big move in silver is not the result of a fundamental catalyst but rather an orchestrated surge from a Reddit community!

Of course there’s no telling how long this will last, but this highlights how small the silver market truly is and how it can respond dramatically to investment demand.

In our view, given all the catalysts still ahead for this monetary metal, we'll see many more days like this.

This play is not even 24 hours old, The early guys in GME were in it over a year ago. This will take a while to play out but I expect it to happen faster than gme, it still is gaining traction so I don't think it will die out. You cant de-platform this play as easy since you could always buy from a dealer. This is also a global opportunity not a US one like the other stocks. People around the globe a salivating at the idea to get in something like gme. This is it


Buy the dip!

AG is still falling. I'm about to be down 20% on the day.

Definitely a lesson in buying individual stocks.

Do we think it will rebound or is it done?

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True. Although moving a historic commodity like Silver is quite a bit harder than moving a dying video game company

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Ed Zachary.

There are a lot bigger, more experienced, more sophisticated metals manipulators than these reddit folks ... no offense intended. And they been practicing and honing their craft since 1973 ... a craft that went into overdrive with the advent of high-freq trading.

The precious metals markets really consist of two markets - physical and paper. The spot price is regularly manipulated by the paper traders ... but it is the bullion banks and physical holders that influence real demand ... and are in position to anchor prices.

One example is JP Morgan .... the largest physical silver bullion holder by a single entity on the planet. You can rest assured the US Govt and the bullion banks will never promote PM's as long as they can keep the printing presses Brrrrr-ing ....

Dude, they filled all orders when market opened, mine coming through at 18.95, then shut down trading that stock

If anyone has any doubts about what's coming in this country, this should help clear things up

I knew this was possible, and had no intention of selling off any time soon, but being a victim of manipulation really puts things in perspective.

It does help that this stock is at least dependent on an actual commodity with a real value

Bail if you want, but there is definitely something here.

On the front page of ZeroHedge

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Even before the SLV open Silver, Gold, Oil and the PGMs all rocketed. This tells us that either shorts are spooked or the big players like JPM are positioning themselves to profit from the next wave of buying. For Silver watch the spreads. If they go into backwardation that is a sign that either someone on the bullion side is short OR a producer is overhedged. Bullion banks are very familiar with this adn will not be holding the bag if there is a squeeze.

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Possibly, but AG will rise with SLV. All silver stocks will if this is indeed a thing.

I bought AG because their options were cheap as hell.

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his hasnt been as nearly has fun as GME

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GME wasn’t as fun on the first day. It’s building. Up another dollar after hours. This could have an impact across the globe if it actually catches on.