[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Candace Owens: : I Know What Happened at the Hamptons (Ackman confronted Charlie Kirk)

Illegal Alien Drunk Driver Mows Down, Kills 16-Year-Old Girl Who Rejected His Lewd Advances

STOP Drinking These 5 Coffees – They’re Quietly DESTROYING Your Gut & Hormones

This Works Better Than Ozempic for Belly Fat

Cinnamon reduces fat

How long do health influencers live? Episode 1 of 3.

'Armed Queers' Marxist Revolutionaries Under Investigation For Possible Foreknowledge Of Kirk's Assassination Plot

Who Killed Charlie Kirk? the Case Against Israel

Sen. Grassley announces a whistleblower has exposed the FBI program “Arctic Frost” for targeting 92 Republican groups

Keto, Ivermectin, & Fenbendazole: New Cancer Treatment Protocol Gains Momentum

Bill Ackman 'Hammered' Charlie Kirk in August 'Intervention' for Platforming Israel Critics

"I've Never Experienced Crime Of This Magnitude Before": 20-Year Veteran Austrian Police Spox

The UK is F*CKED, and the people have had enough

No place for hate apeech

America and Israel both told Qatar to allow Hamas to stay in their country

Video | Robert Kennedy brings down the house.

Owner releases video of Trump banner ripping, shooting in WNC

Cash Jordan: Looters ‘Forcibly Evict’ Millionaires… as California’s “NO ARRESTS” Policy BACKFIRES

Dallas Motel Horror: Immigrant Machete Killer Caught

America has been infiltrated and occupied Netanyahu 1980

Senior Trump Official Declares War On Far-Left NGOs Sowing Chaos Nationwide

White House Plans Security Boost On Civil Terrorism Fears

Visualizing The Number Of Farms In Each US State

Let her cry

The Secret Version of the Bible You’re Never Taught - Secret History

Rocker defames Charlie Kirk threatens free speech

Paramount Has a $1.5 Billion South Park Problem

European Warmongers Angry That Trump Did Not Buy Into the ‘Drone Attack in Poland’

Grassley Unveils Declassified Documents From FBI's Alleged 'Political Hit Job' On Trump

2 In 5 Young Adults Are Taking On Debt For Social Image, To Impress Peers, Study Finds


Business/Finance
See other Business/Finance Articles

Title: Bullion Dealers Face Sudden Shortage As Reddit-Raiders Take Aim At Silver
Source: [None]
URL Source: https://www.zerohedge.com/markets/r ... s-biggest-short-squeeze-silver
Published: Jan 31, 2021
Author: Zerohedge
Post Date: 2021-01-31 12:19:29 by Pinguinite
Keywords: None
Views: 1379
Comments: 7

It would appear the run on silver has begun. With the market closed, traders have rushed to secure some exposure to silver ahead of what WSB suggests could be "the world's biggest short squeeze" and that has left bullion dealers

As we noted below, the premium for physical silver had soared late Friday and into Saturday (after the massive flows into SLV), but as Sunday rolled around, bullion dealers are now facing massive shortages of physical coins.

And as one investor noted, the shortages are widespread...

We can only imagine where SLV will open after this.

* * *

While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the 'Reddit-Raiders' - Silver.

On Thursday, we asked "Is The Reddit Rebellion About To Descend On The Precious Metals Market?" ... One WallStreetBets user (jjalj30) posted the following last night:

(Too many images... see on source site)

Click for Full Text!

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Pinguinite (#0)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

"Resistance to tyrants is obedience to God." -- Thomas Jefferson

ghostdogtxn  posted on  2021-01-31   18:49:16 ET  Reply   Trace   Private Reply  


#2. To: Pinguinite (#0)

Silver spot price spiked up to $30.00/oz tonight on the Asian market, but it's back down to $27.75 now and still dropping.

The US open might be interesting, from what I'm reading at the Kitco forum.

StraitGate  posted on  2021-01-31   20:15:37 ET  Reply   Trace   Private Reply  


#3. To: Pinguinite (#0)

...bullion dealers are now facing massive shortages of physical coins.

That's why I use www.texmetals.com/ ~ they don't sell what they don't have in stock.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2021-01-31   20:44:26 ET  Reply   Trace   Private Reply  


#4. To: StraitGate (#2)

Silver spot price spiked up to $30.00/oz tonight on the Asian market, but it's back down to $27.75 now and still dropping.

Brokerage I'm watching only has a high of $29 for this evening, since market open. Latest action shows me good support in the mid 28 level.

Pinguinite  posted on  2021-01-31   21:44:07 ET  Reply   Trace   Private Reply  


#5. To: Pinguinite (#4)

Kitco's Live Silver Price page shows an Asian market High/Low of 30.15/26.98. That 30.15 spike must have been brief (or nonexistent) because it doesn't show on the chart. Chart shows a high of about 29.12 as best I can resolve.

Tomorrow should be interesting! I've been kicking myself for years for not selling in 2011 at 48.50.

StraitGate  posted on  2021-01-31   21:56:43 ET  Reply   Trace   Private Reply  


#6. To: StraitGate (#5)

Most of my dough is tied up in crypto, but I put some money into a brokerage today to long some silver with some leverage. Won't buy me a house even in a best case scenario, but would pay for a vacation or two if silver blasts off. I've done my patriotic duty for the day.

Pinguinite  posted on  2021-01-31   22:12:55 ET  Reply   Trace   Private Reply  


#7. To: Pinguinite (#6)

Most of my dough is tied up in children. But I have no regrets or complaints!

StraitGate  posted on  2021-01-31   22:48:33 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]