That would make things interesting
That and Gold.
SLV is at $24.99. If we really wanted to hurt the (((billionares))) we need to short squeeze both silver & gold as well hold.
Yes. My problem with buying precious metals is fraud. We all understand who sells these commodities. How do I know what I'm actually getting?
You could go the Archimedes route. The actual "eureka" moment.
If you measure the displaced volume and weight of any received bars, you could find the density, which can then be compared to what an ideal bar should be.
As to what recourse you have for any fraud, that is a different matter.
It's nearly impossible. The price of silver may rise a bit, but not to $1000. Lucky if it hits $50. There's plenty of industrial silver that can be brought into the market that is currently not being counted as available for trading.
However, with mining company shares that have been shorted, it may be possible there. To get the short squeeze, you kinda need something to be borrowed, then oversold.
Mining shares work just like any other regular common stock. If a company is being oversold like Gamestop was, then yeah, a short squeeze could happen.
I'm in. Just tell me what to do. I'm retarded and poor I only have 5000 to spare.
If the price hits $50, but right now the current price of silver is around $24-$25 and I invested two shares same with one share of GME.
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