If you haven’t been browsing WSB or doing your own research, you’d probably think that the people on Twitter are correct in saying there is a silver squeeze happening and we should all get in on it. There are quite a few wsb-logo Twitter accounts pushing this. This is BS & the straight up the ANTITHESIS of who we are.
By buying silver/going long on silver, you would be directly putting money into the pockets of the EXACT HEDGE FUNDS ON THE OTHER SIDE OF $GME 🚀 🚀 🚀 💎 🙌 The hedge funds are LONG silver NOT short silver.
The media, Wall Street, normies, and every other non-WSB autist are trying to push you to buy silver. This would be a tragic, irreversible decision that not only will most likely not make you any money because the squeeze is fake, it will put you on the sidelines from this righteous and glorious war we are in.
If you are looking for alternative investments to GME, I’d recommend simply getting in on the $BANG GANG- Blackberry, AMC, Nokia, and GME.
For the feds and the media and all the dumb people reading this, I am the last thing from a financial advisor and am a complete, 100%, full retard autist.
BANG GANG CHEEEEEEEHOOOOOOOOO
Edit: I am not talking down on silver as an investment, I am not saying it's not a good hedge, I'm not saying anything bad about silver in any form. I'm simply pointing out that right now, this "squeeze" that all these people are referring to is definitely not a "squeeze" at all and is an artificial hedge-fund driven attempt to reduce the GME momentum and we should all be cognizant of the media manipulation and happening everywhere including right here. For all you that want to buy silver, great, buying the bullion directly in my humble autistic opinion is better than shares in a fund that supposedly buys it but don't trust some autist on the internet. BANG GANG
Edit #2: Fellow autists, we have ascended to the #2 post on all of reddit. Our $GME gains this week and beyond will carry us to the gates of Valhalla. Look to your left, now look to your right, these are your brethren and sisterthren who will diamond hands with you until we all pass down these tendies to our children's children. Onward.
⚠️⚠️⚠️ ***DON'T BUY SILVER, IT'S A TRAP***⚠️⚠️⚠️
They're talking on CNBC as if people on Reddit are actually squeezing silver. It's fucking absurd, they're practically encouraging it.
They're like, "Wow, these redditors are squeezing silver, how cool" actually fucking encouraging it.
Edit: Should have mentioned, it's literally fucking impossible to squeeze silver. It's not shorted at all. Hedge funds and Citadel hold lots of Long positions in it, not shorts. Buying it would be playing right into their hands.
Buying silver will make you likely lose money and absolutely give it to the hedge funds and Citadel.
By Silver, I mean $SLV, I know nothing about phisical silver. For anybody confused
Edit 2: If you bought $SLV months or years ago and made a profit, that's fantastic. This post is just saying that you should not buy silver right now.
This isn't financial advice, I am mentally challenged
Silver might go up nicely and for a time but don't get high on hopium, this is not gonna go in the 100s.
>A corner in the silver market has been tried before - and let's be clear, that is what is being attempted now. In 1980, a rule change by the government destroyed the corner. #silverthursday.
>Silver Thursday, the dramatic fall in the price of silver on March 27, 1980, following the Hunt brothers’ attempt to corner the market on the metal.
>Apart from a handful of reigning monarchs and despots, Nelson Bunker Hunt (1926–2014) was the richest man in the world at the start of the 1960s. Like his father, the legendary oilman H. L. Hunt, Bunker gambled big and got lucky. By 1970, although his wealth was accumulating faster than he could spend it, he foresaw a volatile economic future. Prevented by Franklin Roosevelt’s 1933 prohibition on U.S. citizens owning gold, Bunker and his younger brother William Herbert (b. 1929) chose silver, then standing at $1.50 per ounce, as their speculative hedge. Their initial caution vanished after Colonel Muammar al-Qaddafi nationalized the Bunkers’ Libyan oil fields in 1973. Furious, and paranoid that paper money would soon be worthless, the Hunt brothers then bought futures contracts on 55 million ounces of silver, eventually accumulating an estimated 100 million ounces of the precious metal. But instead of selling the contracts like normal commodity traders, they took delivery of the bullion and chartered three Boeing 707s to air-freight it to Switzerland.
>By 1979, they had engineered a genuine shortage of the metal. The Hunts owned $4.5 billion-worth of shiny, glittering silver, safely stashed in Swiss vaults. Still the price climbed, until on January 17, 1980, an ounce cost $49.45. Such rampant speculation and profits triggered new government oversight, prompting the Federal Reserve to suspend trading in silver. The boom was suddenly over, but the Hunts still had to honour contracts to buy at prices over $50. The day the market plunged—March 27—silver fell to $10.80, the metal’s biggest single collapse. Upon losing some $1.7 billion, prompting Bunker to quip, “A billion dollars isn’t what it used to be,” the Hunts had become the (then) greatest debtors in financial history, and though New York banks allowed them $1.1 billion credit towards clearing their obligations, they were personally... keep reading on reddit ➡
Do not try to buy precious metals in the next week while China is celebrating the beginning of their Year of the Metal Ox. Wait until after you are done holding GME, even though you are planning to hold GME forever.
Anything other than GME is a distraction. Since you are holding GME forever, you are never allowed to invest in anything else ever again. Holding GME is your life's work and requires your undivided attention. There is no possible way anyone would ever talk about anything other than GME unless they wanted you to sell GME. Even when it's a weekend and you can't sell GME anyway.
All of your money should be in your brokerage so you shouldn't even have any money available to buy bullion with. Your brokerage would never betray you.
Don't think anything of the fact that online bullion dealers have frozen your ability to buy silver. The statements on their front pages saying they have to restrict your purchase ability due to unprecedented market conditions are nothing like any other statements you've seen from anyone recently. Don't think about it.
The US dollar will never lose value again. Biden is going to make an announcement tomorrow that the federal reserve will burn a pile of money to reverse inflation, I can feel it. Hedging against this is something you would only do if you're shilling for a hedge fund. That's why they're called hedgies.
Pay no attention to the mass downvotes and accusations of shilling to everyone suggesting silver. The ruling class would never seed a meme about silver being a distraction to divide the community from adding another major step to their plan.
Pay no attention to how major banks have sold 200x more silver than they actually have and if they're called to deliver on all those receipts instead of people continuing to be happy to just hold paper receipts they could hypothetically exchange, then... well, like I said, no matter.
The important thing is to spend your weekend wondering what will happen to GME while there is no action you can take on it. Don't focus on anything you could take action right now.
Don't sort comments by new. You don't want to see the unfiltered stream of consciousness of the subreddit, just stick to the carefully curated, vote-and-award-manipulated ranking of what everyone can agree on. We don't have any stickied threads sorted by new today because the people in charge here have your best interests at heart and they don't want you to get into trouble buying any silver. They're not... keep reading on reddit ➡
Here's his article https://thegoldforecast.com/video/silver-benefits-redditt%E2%80%99s-wallstreetbets-forum-there-more-story
My email to him. Hi Gary I have read many articles similar to Yours in the past day that reddit users are behind this silver push. I'm sorry to say this is not the case. I understand you implied that according to CNBC reports it isn't understood whether it is longtime reddit users or perhaps larger organisations at play here. I don't consider myself a long time user but I joined the community at a mere 1.8m members. That number in the few months I have been a wallstreetbets member has ballooned to 8milion+. I would urge you to check out the site and see for yourself the overwhelming sentiment that silver is simply a distraction. We love GME stock, we are not bored of it and the due diligence shows evidence that an extraordinary short interest DOES still exist for it. It would be wonderful to see a detailed article on this and I'm CERTAIN this would attract a lot more attention and clicks than another WSB LOVES SLV article. I'm not trying to demean your work in any way. Hope you have nice day, all the best. Yours, Jordan.
P.S I really appreciate that your email address is on your article because even if I don't get a reply it makes you seem very easy to contact... A feature not shared with a lot of journalists. So thank you!
Thanks for your email. I want to report the truth as accurate as possible. So your email helps me clarify what is really going on. I did join the site over the weekend.
Let's send journalists some love and welcome them because we need all the help we can get against MSM
Edit - I've had quite a lot of messages concerning WSB's interest in silver dating back from long ago, long before I was a member so I just wanted to clarify something. Here is a clarification : I wanted to reflect the disparity between how few silver posts I was seeing on wsb in and around the time of the media hype and how so many media outlets were pushing the " WSB's next target is silver!" agenda. Of course this community is so big that there must be lots of diversity and it was a little ham-fisted to suggest nobody on the sub is buying silver. The important point in my mind was that MSM as I saw it had blanket reported something about the subreddit I believed was an inaccurate representation of the real sentiment.
We’re not. Plain and simple. Anyone who frequents WSB knows this.
This means whatever media source is indicating this to be the case is a sellout and their credibility should be in serious question since they either 1) don’t do their due diligence, or 2) are okay with getting their strings pulled to be used as tools by the wealthy to manipulate masses.
If there was any doubt of these hedge fund’s influence and manipulate, this whole “WSB going silver” just put that conspiracy theory to rest and only does more to confirm that the game has always been rigged against the average person.
Edit: You know what would be AMAZING?? This was an idea already thrown out there, but if the mods could use twitter (and by pinning a statement on this subreddit) to invalidate the silver BS... That would be SUCH a great fucking move. Maybe a message like "There is no sentiment among WSB members to buy SLV stock and the little that exists is under scrutiny of WSB members". That would just slam the door on any sources propagating that false information and call them out on their BS (because it's just so obviously untrue). It would also make it clear for those checking the credibility of this fake news that the silver hype is a fabrication by variables outside of WSB and inform them of how convenient it is for hedge funds if people pulled from GME, and supported a stock they own massive shares of.
This goes without saying that I'm holding GME till the very end. Given how the media and some brokerages have gotten involved (and in a not so subtle way that benefits the hedge funds), it's not even about the money anymore. And that's coming from someone with student loans who stands to profit by exiting right now. Money comes and goes, but getting to witness firsthand just how rigged the system is and knowing who's involved in keeping people in line is just something you can't put a price tag on.
Bill has a point. ASG is meaningless, with all the team struggling with having active roster players, bringing the best of the best together is a bad idea. The last thing we want is having teams decimated going into playoff. Thoughts?
Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.
All of the best mines for silver have already been depleted in recent years. There is a severe supply shortage developing. At the same time, demand is skyrocketing. Solar panels, electric cars, electronics and many other products need more silver than ever.
Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.
Inflation adjusted Silver should be at $1,000 instead of 25$.
Why not squeeze $SLV to real physical price.
Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way.
Tldr- Corner the market. Gold Ventures thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS.
If the brokerages close trading on $SLV or various silver miners, we can continue to squeeze the market by purchasing physical silver at online or local silver/gold dealers. It all trickles into COMEX to squeeze supply.
Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person.
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Don't invest in Silver. All big Hedgefonds are in silver. They earn money if you invest in Silver and $GME and $AMC loose money. It's their strategy to trick you in Silver. They weaken us!!!! Don't be stupid!! The possible earning with a real short squeeze at AMC and GME are so big that you can't even imagine. It's not a pump and dump like you see it always in shitcoins. If we force the hedgefunds to buy their short positions GME and AMC will explode.
Do you really think this silver uprise and all the calls for silver is an coincidence? Look at the Date!!! And additionally it's a hughe Market and our Money will only change a few percent. It's a fucking flash in the pan. Don't be silly!!!!!
SO BUY AND HOLD
Plz share this with your Friends. United we are strong 🦍!
Do you realize reddit has a search function? Here is a list of posts that talk about a potential silver squeeze of SLV and JPM long, long, long before GME blasted off towards the moon. This is /r/wallstreetbets, not /r/GME. We trade multiple tickers, you dumbshit fucking "entry at $450" bag holding tards.
Great, you joined in the last 2 weeks because your autistic nephew made more money in 2 months than you've ever done.
Instead of just shutting up and watching the plethora of good DD posts rise and fall, you think this entire subreddit is only about holding one frickin' short squeeze as if that's the first time in history anyone got squoze, and downvote otherwise great research because you're frickin' terrified of losing money you couldn't afford to lose in the first place.
The entire global media didn't all pool together in 48 hours to present a uniform story of "buy silver" as part of some frickin' conspiracy designed to save a few medium-sized American hedge funds. No more than COVID was made by the Chinese to win Biden the presidency, anyway.
So here, since you guys are too damn handicapped to use a fucking search engine, are a list of DD/YOLO/Discussion posts about SLV and Silver written LONG BEFORE THE FUCKING GME SHORT SQUEEZE FINALLY ROCKETED!!! Jesus fuck, you tinfoil wearing sack of "fake news" American mouth-breathers with the collective IQ of a doorknob.
Just look at the fucking DD and pretend GME doesn't exist for 5 minutes. Silver. Is. A. Deep. Fucking. Value. Play! It has value. So much fucking deep value!
Yeah, no shit a market maker is holding silver positions when silver becomes more sought after, their job is to make fucking markets liquid. HOW ARE YOU GOING TO SUPPLY LIQUIDITY IF YOU DON'T HAVE SHIT TO SUPPLY?! DID YOU NOTICE HOW THEY HAVE A LOT OF PUTS AND A LOT OF CALLS, AND NOT JUST CALLS?!
DO YOU THINK NO BILLIONAIRES HELPED RIDE GME UP? Do you think it was 100% retail on one side and 100% Melvin and Citron on the other? Ah, you do. Of course, you do.
GREAT, WE GOT 8 MILLION DEGENERATES HERE. The 6M that didn't manage to find this place without hearing about GME having rocketed already, MAYBE DON'T FUCKING POST, COMMENT AND BRING YOUR DA... keep reading on reddit ➡
First, let's jump into and talk directly about the zeitgeist.
Yes, it is heavily manipulated. Yes, there is a shortage. Yes, there is a case for the inflation adjusted price being disconnected from current market value. Yes, it has industrial use. Yes, it's the metal on your wife's bf's cock ring.
You're not wrong, but theres some major issues.
It's a 1.5 Trillion dollar market cap. There is a hard case for the WSB, if acting in collusion which it shouldn't, cause that's naughty, to move silver.
Citadel, et al own a real stake in silver. Maybe deal with one issue at a time. They would be enriched by this play, which effectively undoes doing them dirty. Do you really wanna give them a reach around while you're savaging their red little asses?
Think about who owns the physical good. This would cause physical silver to rocket, enriching some pretty nasty despots (both political and financial). None of this exists in a vacuum.
Every time someone has tried to mess with the silver market at scale it's blown up in their faces. Especially the Hunt brothers (Silver Thursday in 1980). They literally lost their billion dollar family fortune in the mid 80's (from the stuff stemming from 1980)
Precious metals are a far more liquid market, with far greater trading times, and more world markets effecting price. This means there are more players. WSB was the David in the GME story, and won't register on the Silver market. You have COMEX & LBMA.
JPM is one of the big Market Makers. Citadel et al aren't even a blip compared to JPM.
I'm saying it's not even bringing a knife to a gun fight. It's bringing a rubber band gun to a nuclear arms meeting.
These MF's are gonna eat all your tendies for an appetizer and want more.
That said, the existing DD has had very very valid points. Silver is logically a sound investment, especially after QE Eleventy Billion. I'm saying bleach your mind of the thought of attempting to impact the silver market.
Relevant positions: A few hundred ounces of physical silver. And if ya'll trying to mess with this, I'm going long on $ROPE
I went into the r/wallstreetsilver subreddit and analyzed comments and posts. I found that 80% of them came from accounts mostly created in the last 2 days. Pretty suspect.. who do these people really work for?!
I also spent 3 hours of my life going through each post and calling them out on their new accounts.
Stick to the gameplan, we can focus on silver after.
Positions: none. My GME covered call got assigned at $14 back at the end of December. Fml.
The established wisdom on the recent Short Squeezes is that a bunch of 'happy' Options traders led by Reddit and Social Media (us in other words) :-) created a Retail Swarm and hit the Hedge funds and made a ton of money whilst at the same time sticking up to Wall Street.
Today, Carson Block (who always published his Shorts instead of keeping quiet about them but is now de-leveraging as a result of recent price action), suggests that underlying the recent incredible Stock and Options actions we've all witnessed, retail investors were actual 'set-up' from opposing Hedge Funds (CALLs versus PUTs) using the so called 'retail swarms' as a cover for their pre-meditated price action on the same Options many of us bought and so half of Wall Street actually got rich on this as a result. He's not names the funds yet and it will be hard top prove, but we may just be incidental foot soldiers in a larger (mob?) Hedge fund game . .
In addition and as I forecast, the SEC is now looking at how it can enact new legislation to ensure that this sort of trading modus operandi can't carry on.
Not good any of it . . Take care out there Mark
Recently I had uploaded a post regarding the investment opportunity for silver, where I go into the base investment case for this precious/industrial hybrid metal. It can be found here.
In short, there is a massive and growing amount of demand for silver. This is partly due to the fears of inflation and devaluation of the dollar and other fiat currencies around the world, but mostly (60% of it to be exact) comes from industrial usage. People mention, and rightly so, the growing emphasis on solar, electrical vehicles and the computerization of nearly everything. What do all these things have in common? They need silver and substantially more of it the more demand for these products grows.
With demand growing and no way to easily scale up supply (see previous post on why), we are looking at quite and attractive industrial supply/demand story backed up by the fact that it is a precious metal and often moves in tandem with gold.
Now, onto the title, the short interest. We have seen an incredible amount of media attention for what happened to GS and the hedge funds that tried to short the stock, but a somewhat similar case can be made for the silver sector. This article puts it best.
"The 8 big shorts have been “lucky” so far, that their predicament isn’t widely recognized. I’m sure that a small number of sophisticated investors are aware of the plight of the 8 big shorts. But the simple truth is that there has been no mention of the concentrated short position in COMEX gold and silver futures by any mainstream media source. Even on the Internet, the concentrated short position is hardly mentioned. There seems to be a growing groundswell of opinion that silver is the cheapest asset around (it is) and I’m even starting to hear some ask why silver is so cheap to begin with? Let me make it easy for you – the only reason silver is so cheap is because of the concentrated short position of the 4 biggest traders, who hold more than 312 million ounces short, as of the latest COT report. When combined with the next 4 largest traders, the concentrated short position grows to nearly 404 million ounces. The connection couldn’t be more direct. Silver is the cheapest because its short position is the largest."
In the debate about of which ETF is the best for our purposes (PSLV or SLV) I think that obviously t... keep reading on reddit ➡
$SLV $25 to $1,000 #silversqueeze of the century.
TLDR: buy silver calls. $SLV June strikes for 30, 35, 40 Or your comfort zone.
Why #silversqueeze? Because we lost confidence. Because we want fair inflation measures. #silver adjusted for inflation, is $1000 It’s now $25. that is a 40x unleveraged It’s the biggest short squeeze of the century. this article only takes 10 minutes.
I want to explain this simply. I write from the gut: straightforward There are a lot of complex explanations. There are lot of experts.
What I want to explain, is the most compelling story of manipulation in the whole world.
Let’s keep it simple WHY silver is the short squeeze of the century. This is what the Wallstreetbet community is looking for.
Governments want to mask inflation.
Because wages stay low: screw workers and benefit the rich owning companies Social security would be unaffordable for governments with real inflation numbers. Did you know inflation doesn’t include food ! How much are you paying for food these days? Exactly.
Why do they need #silver & #gold for this?
Big banks are manipulating metals. Gold and silver have been money for 5000 years. when you loose confidence: you have gold, silver.
I prefer silver and gold, because i can touch it and can buy real companies.
When they can keep the prices surpressed, the world is not aware of inflation. Inflation means you are loosing buying power. Instead of $1 for a bread you pay $2 Inflation? ask Turkey
The Dollar. the Euro. the Pound.
We are in a spiral of debt created by politicians. the only way out is printing more new money. Printing new money kills confidence. We are seeing cracks appear everywhere. The end games have started. Inflation is coming for the whole world. pension funds, bonds: traditional savings will all be wiped out. By manipulating gold and silver prices, they try to hide this. As gold and silver are real money. they are a measure for how much inflation there is. They don’t want YOU to see it.
The dollar has lost 99% of it’s value against gold in the last 100 years.
Why do we attack #silver? Because it’s a very small market. Because gold will follow silver. for each 70 ounces of Silver, you can buy 1 ounce of Gold. Silver is very, very cheap.
We are going back to 15 to 1 this decade. For each 15 ounces of silver you will be able to trade them for 1 ounce of gold later on.
This is a the trade of the century, based on fundamentals.
This is end of MANIPULATION BY... keep reading on reddit ➡
This morning I read an article in a newspaper about how ''redditors are collectively hopping on the silver train''. The article in question was from FD, basically the Dutch Financial Times.
It's about the following article;https://fd.nl/beurs/1372360/gamestop-beleggers-richten-zich-op-zilvermarkt
We all know damn well that the ones who bought GME are still holding it, and that no OG WSB member cares about SLV. So I asked them about their sources to justify an article about Redditors buying silver and they replied with these two sources. They basically said that they get first hand information from analysts and that they are not writing anything that is not truthful. Additionally they said they are aware of the market sentiment but that they are also aware of ''redditors driving up the price of silver''. I sent them eight of the most popular posts of WSB of the past 24 hours to point out the market sentiment (which is GME). They provided these sources for their article;
One of these posts has even been deleted! I pointed out that the accounts that promote silver are mostly new accounts, or accounts that have been inactive for a long time. They said they did not see any proof for that statement and referred back to two SLV posts here.
TLDR; Media ignoring the actual market sentiment
PS; Yes, I can provide screenshots of the emails I wrote, but they are not in English so I figured there would be no point it posting those in WSB.
Disclaimer; not financial advisor. Do your own research and make your own decisions
You retarted apes are growing up. I remember a year ago this sub was nothing but memes of J-Powell littered with rocketship emojis. Now It's GME posts littered rocketship emojis. We've come so far.
If you think Wall Street is shitting their pants over the GME short squeeze you are 100% right. Jim Bianco lays out a convincing case that SPY was down 2% on Friday because hedge funds were dropping their "safe" stocks to raise capital for collateral against their rising margin debt on GME.
But you also got to know this. At the same moment Robinhood halted purchases of GME, after calls from their hedge fund buddies, they also put on limits on $SLV.
(Here is the list of all limited stocks - they've since added weird stuff like Starbucks, but $SLV was one of the first along with $GME and $AMC). I think that's pretty weird, considering that, unlike these other stocks, $SLV was up only a few percent on Thursday. It's even weirder when you consider that Robinhood had just been bailed out by JPMorgan and Goldman Sachs! These fuckers are two of the worst silver manipulators out there. (Seriously. Link for Goldman. Link for JPM)
These banks have been raking it in on suppressing the price of silver for decades. Look at this historical chart of silver. Does this make any sense? Silver was well over $30 for several years in the fucking 1980s. And now it's $27???
The fair price of silver, conservatively is CERTAINLY over $50, but it seems that there were some strings attached to JPM and GS's little loan to Robinhood.
I'm balls deep in GME, but am riding this silver train too. Already last week $AG and $SLV were surging despite Robinhood's best efforts. If this thing breaks, both of those tickers will at least double. My personal price target for Silver is $70. The tendies from silver wi... keep reading on reddit ➡
Listen up suckers,
Silver is probably the most (naked) shorted commodity on earth. The bullion banks are doing their best to short this thing into oblivion.
But this will end now. $AG (First Majestic Silver stock) is essentially $GME for Silver, highest short float in the sector, nice leverage to silver, and just broke out above 10 year resistance too. Already 17% up after hours because people are starting to notice. Get this thing going, and once the people buy in, we take over the whole silver market and force the fuckers out of their short positions. This will be the march to august 2020 bullrun all over again. Daddy Powell is flooding the market with fiat dogshit, and inflation is just lurking around the corner. It's literally free money.
The banks are so fucking loaded, that with every 1$ the price of silver goes up, they are bound to lose around $350 million. Let's get this thing to a 100$ and show the suits who is in charge.
Crash JP Morgan, buy Silver!
Positions: Long $AG, $SLV, $SILJ
To clear up confusion: the purpose of this play is to raise awareness for the silver squeeze. We squeeze $AG, people will become aware, and ultimately end up supporting the squeeze of actual, physical silver, which is the end goal. $AG is a means of raising awareness and making a nice profit in the process. And who really knows if it's JPMorgan or somebody else at the other side of the trade. Doesn't matter, who ever it is, they deserve it.
Nice job guys, quite the run in the last days. But we are not over the hill yet - Despite the huge rally in $AG, the short position increased by 400,000 shares! They are trying to trap retail like they tried with GME, but we got this. These shorts are going to get burned hard. If you can't buy because crooks like Robin Hood are trying to steal from the poor to give to the rich by limiting orders, get physical silver, or change your broker. We had a record inflow into $SLV yesterday, 35 million ounces. Fuck the suits!
Edit2: so apparently, The wsb mods banned me for this post. They seem to try to surpress this for some reason. Don't let them!
First here is the other post https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf
Second, everyone buy and hold GME through at least $1000 before buying silver because the shorts are still at 139% of the float so there is a technical reason to stay long until they really cover.
Third, the other post said to buy miners, but that won’t cause a silver squeeze. The miners will benefit from the squeeze, but buying miners alone does nothing to actually beat the manipulating banks at their own game in silver.
So here’s how you do it:
Buy SLV directly. If you want options buy in the money or near the money to force true hedging (buying) by the market maker. This is a very old and slower moving market than equities so unless you are buying leaps, SLV shares are the way to go anyways. Alternatively, buy silver physically or even force delivery through purchasing futures if you are rich and can store it. Physical silver purchases carry a premium over spot price though so you end up causing more physical silver to be purchased by simply buying SLV.
By purchasing SLV, more shares will be created and SLV will have to purchase massive amounts of physical silver to hold in their vaults because the etf has to remain backed by physical silver.
Silver is a much larger market than GME, but the paper traded gold market is 100x the physical market. If we force more physical purchase and delivery of silver, the paper traders will be required to buy it in real life and deliver it. Creating a positive feedback loop just like a short squeeze.
Lastly, the fundamental case is that government stimulus combined with fed money and reopening economy will cause inflation, and that government debt loads mean dollar debasement. Lest someone say we are manipulating the market (as big banks have literally been doing for decades). We like the stock!
Let’s get GME to the moon and then park all of the winnings in SLV. Could take a couple of months to fully moon as delivery of silver takes time but it really could go to $1000 from $25. If GME took down a single hedge fund, this would take down JPM.
Please share, it’s hard to break through right now
Power and tendies to people!
TLDR: don’t sell GME till over $1000 and then move it all to SLV and hold for 3+ months
There is so much misinformation swirling around concerning our precious shiny. People dont seem to realize 2 things.
Silver is not a get rich quick move. Silver is a LONG TERM HOLD move. The fundamentals were already very bullish for 2021 before this whole WSB/GME mania, and continue to be now
We do not advocate buying SLV here, nor do most of us believe SLV is the move to make. We are a PHYSICAL SILVER stacking sub.
Are big firms pushing buying SLV to distract the WSB crew? Maybe. It wouldn't doubt me. But that's not the move to make anyways. The amount of paper contracts or IShares SLV available is basically infinite. Physical silver is a rare physical commodity with a finite supply, and a very low supply of retail sized bars/rounds/coins.
IF you want to go into silver for whatever reason, buy physical.
Also, we did not start this move to silver. We are but humble stackers. We are a strange bunch of fun loving great folks who love shiny things. We are used to being ignored or mocked for our hobby/savings strategy but it works for us. Please do not let this crazy situation make you form some hateful opinion of us as a whole if you dont get rich from silver. We truly had nothing to do with it.
As far as silver goes this sub is full of some of the smartest, nicest people I've ever met and there is endless good information here about coins, rounds, bars, and everything related to silver. Feel free to engage with us and join us but please keep the insanity to WSB.
#In response to u/RizzutosNOTAWORD post on trying to catalogue every news story about the Reddit Short-squeeze on Silver, I though I would give it a try. Turns out there are over 1000 articles on it. But in doing that research I found a fairly accurate history of how this all started. And, just to be clear, a post on WSB did set the price of Silver skyrocketing; but, also to be clear, some reporters are just lazy.
-Tuesday, January 26th, 2021, $GME closes at $147 per share. WSB goes Viral on news that Melvin Capital needed a 2.5 Billion dollar bail out. WSB clocks 15 million unique searches that day alone.
-Wednesday, January 27th, 2021, WSB was national and international front-page news. $GME hits $350 per share. Here’s the Today Show segment about us, showing front page headlines, and Stephanie Rule showing us some love… despite being worried for ‘new investors’ (but we’ll definitely take the love part)
#January 27th, 2021: #How the Reddit / $SLV Rumor began ##(I’m just assuming WSB was getting 25 million hits by this day)\
Sales of Silver ETFs and Spot began to rise
$GME reaches $480 (OP buys 1.45 shares of $GME at $360 because Why Not. Also bought $BBBY at $36… and holding). Robinhood shuts down trading, $GME price starts immediately crashing
2.On Thursday afternoon, at 12:03pm (I’m assuming eastern time?) the First article about Reddit causing the price Silver to go up is written by Reuters. [“Reddit raiders swarm silver stocks a... keep reading on reddit ➡