Silver/SLV
- Thread starter BKR88
- Start date
ftx.com, got open an account there. lots of markets cannot be traded by US residents though
Any chance you can explain the differences briefly for me ZBZB? I've seen that view espoused before! Thanks!
silver short squeeze?
I think it is garbage.
Don't read news, chats... blindly.
silver, gold ( and perhaps copper, eur, gbp, oil etc etc etc)
are rather inter correlated.
So to short squeeze silver,
Reddit users have to long tons and tons of things like
silver gold ( and perhaps copper eur gbp oil etc etc etc)
Perhaps it is possible as there are billions of Reddit users.
They should look for low-value product to create a short
squeeze. Also they need to study market inter correlation.
That's why manipulators prefer to manipulate
penny stocks.
do note that when the market opens this week,
silver & gold futures gapped up in tandem.
I think it is garbage.
Don't read news, chats... blindly.
silver, gold ( and perhaps copper, eur, gbp, oil etc etc etc)
are rather inter correlated.
So to short squeeze silver,
Reddit users have to long tons and tons of things like
silver gold ( and perhaps copper eur gbp oil etc etc etc)
Perhaps it is possible as there are billions of Reddit users.
They should look for low-value product to create a short
squeeze. Also they need to study market inter correlation.
That's why manipulators prefer to manipulate
penny stocks.
do note that when the market opens this week,
silver & gold futures gapped up in tandem.
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I think something else is going on honestly this wasn’t a Reddit thing this seems to have started on Twitter and the new influx of reddit users are pumping it hard on there now.
And there were huge options volumes before the upmove started.
Look at 35c for instance.
Also in listed options in europe huge buying last thursday early morning.
PSLV is a trust that OWNS the physical metal which is allocated via the shares. Conversely, SLV is an ETF that provides shareholders a "receipt" for physical metal. The receipt does not provide for title or even beneficial ownership since SLV does not directly own the physical... the metal is owned elsewhere and it is possible for more receipts to exist than what is physically accessible or available to SLV.
HTH
I was listening to Peter Schiff last night, and apparently a major problem could occur with the silver futures holders who refuse to close out their contracts, and demand delivery. There's not enough silver in the world to deliver on these contracts, so the banks who are the most vunerable, would go under. Crazy stuff.
Same stuff happened in the 80's with the Hunts. Never happens. The exchanges will change the rules and save the shorts and disallow a corner. Just my opinion. We've been there done that.