Silver Squeeze 2 0 and Wall Street Silver, Explained

You can be assured that when the next crises arrives (or the current takes a turn for the worse), the FED will go negative. 3D illustration of silver bullion bars over a blue background with growing chart. Our community best day trading stocks with mountains of cash is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.

Does this necessarily mean a massive conspiracy is taking place? After all, many of those “short” on silver are the same ones who produce the metal for retail use. People can argue over whether the price of silver will skyrocket, Introducing Brokers vs White Label but it’s hard to deny that market manipulation exists.

Even if there were no underlying “bad acts” on February 2, 2021, the Hunt brothers have already proven that the government and heads of exchanges can change rules when they want to. There’s a thought among those in the community that market manipulation has purposefully kept the price of silver down. And while this may seem like an over-the-top claim, it’s hard to deny the facts of what happened on what has become known as the “Silver Raid Day” in February 2021.

Many Wall Street insiders even bet that this will take place in the near future. Regardless of what ends up happening, there’s no denying that WallStreetSilver has forever changed the precious metals market. At one point, the billionaire brothers owned one-third of the world’s silver supply. Their actions caused the price of silver to rise from $6.08 per troy ounce at the beginning of 1979 to $49.45 just one year later. In the end, their investments in futures contracts were their undoing. If the price goes up enough for an extended period of time, the thinking goes, the big investors who bet against gold and silver would eventually have to reverse those trades, buying back in – and pushing the price even higher.

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What most people don’t realize is that a similar “raid” already took place in history. During the inflationary period in the 1970s, William Hunt, Lamar Hunt and Nelson Hunt set out to corner the market on silver. They purchased both physical assets and paper silver (e.g. futures contracts). Claims online are that gold and silver prices are being repressed by financial bets against them, experts say.

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Whether these actions were appropriate – many of which received government support – remains up for debate. What it proved, however, was that the “higher ups” could change the rules. Following a record 2020, silver has traded in a narrow range after finishing last year up nearly 50%. The iShares Silver Trust, a BlackRock exchange-traded fund tracking the metal, rose by 7% on Monday. Jesse is now a popular and controversial financial media personality with over 200,000 how to watch crypto market social media followers and nearly 10 million views per month on all platforms.

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Yes, that is the same Greece that defaulted just a few years ago. And some money managing clowns are now buying Greek bonds with the negative nominal interest rates. Nobody understands exactly how the future pensioners whose money this clowns manage (of course without any skin in the game) should somehow benefit from it.

1. The silver squeeze is caused by investors buying up silver in an attempt to drive up prices and “squeezing” the investors.
2. It has a wide industrial use on the one hand and it is a monetary “StoreOfValue” asset on the other.
3. People began buying silver and pouring money into SLV (iShares Silver Trust).
4. Some people were posting pics of the silver they were buying on Reddit (r/WallStreetSilver is a home of #SilverSqueeze community on Reddit), some were posting on Twitter, some on Facebook, some on Instagram and TicToc.

Explore the range of markets you can trade – and learn how they work – with IG Academy’s free ’introducing the financial markets’ course. There is around 3 billion ounces of silver in the form of coins and bars (everything else is already jewellery or was used in the industrial products). So if you buy a mere 20 ounces, you’ll own much more than the average person will ever have a chance to buy and hold.

Move over, GameStop: Reddit traders are targeting silver now

Many of those involved say they want nothing more than for the price of silver to return to a fair and accurate level. “You saw a splintering of the consensus on the Reddit message board. But because large hedge funds own net long silver positions, it created a split once some of the traders on the message board realized this,” said Ross Mayfield, an analyst at Baird. The monthly silver chart shows the $22 to $30 trading range along with other likely resistance levels at $35, $45, and $50 that formed at prior peaks in 2011 and 2012. If silver can close above $30 in a convincing manner, the next price target to watch is $35 and so on.

There are memes, videos, stories and more than a few opinions on the greatness of silver. In the early part of 2021, though, it became more than just a typical Reddit gathering. Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs. Spread bet, trade CFDs or deal shares – decide which of our products is best for you. Share this post (or link to it) on social media and help people gain knowledge.

The person also noted silver stocks available to retail investors—First Majestic Silver Corp and the iShares Silver Trust ETF. Armies of retail investors, determined to challenge Wall Street’s financial hegemony, have helped drive up the stock of struggling companies like GameStop, AMC, BlackBerry and even Blockbuster, spurring massive losses for the hedge funds who had shorted the stocks. Many have also piled into the one-time-joke cryptocurrency Dogecoin, which was inspired by a viral image of a Shiba Inu dog.

Silver prices surged by more than 10% to over $30 an ounce Monday morning as Reddit-informed retail traders piled in on the commodity, the highest since February 2013. At Silver Gold Bull, our content is researched, written, edited and reviewed by a team of financial experts with decades of experience in the precious metals industry. With each piece we write, we bring our own personal experience and expertise, while combining that with today’s leading research and data. Our ultimate goal is to help extend our award-winning customer service to our educational content. Ultimately, we want you to feel comfortable and informed when making investment decisions, regardless of whether that is with us or not.