Thoughts on possible SLV short squeeze
Is this GME round 2? https://www.marketwatch.com/story/silver-rallies-after-reddit-post-about-executing-a-short-squeeze-11611855032 #stocks #investing
GME worked because some HF was shorting. Now Reddit is just running a pump and dump for random shit😪
silver is way more shorted than GME
Fck SLV. It's a scam. People just want reddit heat in other stock just so they can profit. Greedy fckers. It's not about money. Stick to the plan. #holdtheline 💎👐🚀
because Silver is even more shorted than GME
People have been talking about trying to squeeze silver for many years. The problem is that the price is set on the futures market with paper contracts, the big boys can create and sell paper faster than you can buy it, and CFTC is a joke. That said, if enough people bought futures contracts and stood for delivery of physical silver, it would sure make a lot of bankers sweat (before colluding with Biden to use the regulatory power of the feds to crush you)..
Well SLV holds physical silver, right? No point to store it yourself.
Are you sure SLV holds claims to fully allocated silver? Read the prospectus carefully. Check out the difference between the way SLV talks about their holdings compared to something like the Sprott Physical Silver Trust. https://sprott.com/investment-strategies/physical-bullion-trusts/silver/#
Silver as a commodity has been shorted by bulge brackets for decades. Not a chance.
GRPN please
These newbies in wsb are going to get fucked! There is going to be lot of junk in that forum now :(
Imagine when people accidentally take delivery of silver. Reminds me of wsb oil futures. Guy had to take a few thousand barrels of oil delivery and asked what to do.
Taking delivery of silver isn’t inherently stupid though. You get physical silver which is a completely reasonable investment and can be stored easily
Physical silver is tough to store in large quantities. One silver contract is 5000 oz, while a gold contract is only 100 oz. If you want to own a claim on large quantities of allocated physical silver, the easiest thing for most people to do is buy shares in a physical silver trust. Either that, or you need to work with someone you trust to hold the silver in a vault for you.
What’s the best silver trust?
Sprott probably.
Short squeeze ebay please