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Barlow

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There are rumblings of a potential “silver squeeze” ahead as Reddit traders attempt to replicate last week’s GameStopGME +1.1% short-squeeze in the silver market. As a long-time believer in hard assets such as gold and silver, that is a thesis that I can get excited about (unlike GameStop, which is extremely overvalued). The idea behind the “silver squeeze” thesis is that big banks and hedge funds currently have massive short positions in the silver market for the purpose of suppressing the price of the precious metal. According to this theory, if enough small investors buy into the silver market, the big banks and hedge funds will be forced to cover or buy back their short positions, which would send the price of silver soaring.

https://www.cnn.com/2021/01/31/investing/silver-price-squeeze-reddit-wallstreetbets/index.html

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