The way I understand it the way a short squeeze happens is that (1) big money A uses massive amounts of futures with the intent of driving the price down then (2) big money B uses stock purchases to make sure the price doesn't go down then (3) when futures from A come due the price goes up .
Silver probably lacks A, plus unlike stock it's illegal to drive the market for precious metals, and it's also way bigger. It's probably being pushed by shills, make sure you take delivery of any silver you buy, it might be OK for longer term, it's just not the same sort of "screw wallstreet" investment as Game Stop, Nokia etc.
The way I understand it the way a short squeeze happens is that (1) big money A uses massive amounts of futures with the intent of driving the price down then (2) big money B uses stock purchases to make sure the price doesn't go down then (3) when futures from A come due the price goes up .
Silver probably lacks A, plus unlike stock it's illegal to drive the market for precious metals, and it's also way bigger. It's probably being pushed by shills, make sure you take delivery of any silver you buy, it might be OK for longer term, it's just not the same sort of "screw wallstreet" investment as Game Stop, Nokia etc.
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