And while WallStreetSilver may focus on overcoming price manipulation, increased sales of electronics mean the demand will rise regardless. People can argue over whether the price of silver will skyrocket, 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. While this high level of interest has waned a bit, people have remain focused on WallStreetSilver, the Silver Raid and the potential impending silver squeeze.

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Given the forex major pairs currency pair characteristics sheer strength of silver’s breakout, I’m choosing to overlook this criterion for now. “There’s far more cash trying to chase physical assets because we’re suffering the bite of inflation, and supply in all of these markets is becoming extraordinarily thin,” explained Eric Sepanek. Watch his full analysis of the forces about to set off a physical silver rally on AZTV’s Mike Broomhead show. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver. 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.

1. I believe that chart analysis is a tool that is helpful for determining if a large move is likely ahead in the silver market.
2. I find it valuable to analyze silver priced in euros, as this approach removes the impact of U.S. dollar fluctuations, offering a clearer view of silver’s intrinsic strength or weakness.
3. This phenomenon can be exacerbated by the presence of short sellers in the market, who bet on declining prices by borrowing and selling silver they do not own with the intention of buying it back at a lower price.
4. The silver discussion on Reddit was not all in favor of buying the metal and related equities, with some users arguing that the « silver squeeze » was an attempt to distract from the trading in GameStop and others.
5. For now, I am watching and waiting to see if silver can close decisively above $30.

Key Facts

Basel III could accelerate the efforts of Wall Street Silver, the Reddit group behind the Silver Squeeze. The Silver Squeeze is a concerted effort by these investors to stop the big bullion banks’ silver market manipulation. By taking delivery on silver futures and purchasing large quantities of physical silver. A silver squeeze occurs when demand for physical silver outstrips available supply, leading to shortages and driving prices higher. This phenomenon can be exacerbated by the presence of short sellers in the market, who bet on declining prices by borrowing and selling silver they do not own with the intention of buying it back at a airline fund prepares to rise in the months ahead lower price. If a silver squeeze occurs, short sellers may face difficulties covering their positions, leading to rapid price increases as they rush to buy back silver to fulfill their obligations.

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“If silver market is proven to be fraudulent, you better believe gold market will be next,” Cameron Winklevoss tweeted. Although the Synthetic Silver Price What is link crypto Index didn’t break out on Friday, it still posted a solid 1.21% gain. There were more than 4 million shares of the ETFMG Prime Junior Silver Miners ETF traded on Thursday and Friday, compared with a three-month average volume of 1.56 million, according to Stephen Gardner, the firm’s director of sales. The forum had multiple active threads dedicated to silver on Sunday night, and the phrase « #silversqueeze » was also trending on Twitter.

Copper’s recent decline has weighed on silver, but there is a strong likelihood that it will find support around the $4.25 level and bounce from there. I expect a breakout in the index is still forthcoming, which will further validate silver’s rally and likely provide additional momentum to its current upward trajectory. The index didn’t break out primarily due to copper’s weakness over the past few weeks. However, with a rebound in copper likely soon (as I’ll explain shortly), this should help the index break out in the near future. The price of copper is often an underappreciated factor in silver’s performance, as I recently explained. Although the Synthetic Silver Price Index didn’t break out on Friday, it still posted a solid 1.21% gain.

Regardless of what ends up happening, there’s no denying that WallStreetSilver has forever changed the precious metals market. However, if that stock’s price increases drastically, it can cause short sellers to lose money by having to buy back at the higher prices to minimize losses. The silver squeeze is caused by investors buying up silver in an attempt to drive up prices and “squeezing” the investors.

Buying during the pandemic certainly played a big role, but it wasn’t until Reddit investors jumped in that the sale of bullion jumped over 250 percent. Some of the biggest recent happenings in the investment world have arisen thanks to users of the Reddit website and app. The insane increases seen in GameStop and AMC share prices had their inception in the WallStreetBets community, and the big news in silver is at least partially attributable to WallStreetSilver. « Shares of the Trust are not subject to the same regulatory requirements as mutual funds, » according to the iShares site. The sales director also said that the size of the silver market would make it difficult for retail traders alone to create a sustained move higher. Silver futures rose 8% to at $29.06 an ounce, marking the largest one-day pop in silver on NYMEX since at least 2013.

Since 2003, SilverSeek.com has served millions of readers with the latest silver news and information. Meanwhile, growing global uncertainty has reignited interest in precious metals as a safe haven. Central banks continue their experiments with unprecedented monetary policy, while geopolitical tensions drive nations and individuals alike to seek tangible assets.