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This narrative seems to be wrong from what I am seeing. Yes silver is going up, but that seems to be more in response to the market uncertainty, and already ha

This narrative seems to be wrong from what I am seeing. Yes silver is going up, but that seems to be more in response to the market uncertainty, and already having a supply issue. If you go on Apmex, JM Bullion, etc. No one really has silver in stock. For example pre order of Silver Maples is at $8 above spot. Historically that tends to be more like $2-3 area. Their websites were all crashing from demand over the weekend too. Its not WSB doing that. Edit: Other reason Silver has been trending up is Covid and potential stimulus. Metals are typically a hedge against inflation, and a massive stimulus is likely to cause inflation. The supply tightness has been around for months at this point, but extra bad this week.

EForEndeavour 6y ago
I think you're right in that this narrative that silver has become "the latest target for a brigade of day-traders on Reddit" is disinformation. While there were a few posts in the past days promoting silver as the next memestock (the article links to https://old.reddit.com/r/wallstreetbets/comments/l71rdv/silver_biggest_short_squeeze_in_the_world_slv_25/ https://old.reddit.com/r/wallstreetbets/comments/l71rdv/silv...), a quick glance at https://old.reddit.com/r/wallstreetbets https://old.reddit.com/r/wallstreetbets confirms that the prevailing sentiment of that subreddit is that silver is a coordinated distraction. Speaking of information, Wikipedia rates the New York Post as "generally unreliable for factual reporting especially with regard to politics, particularly New York City politics. A tabloid newspaper, editors criticise its lack of concern for fact-checking or corrections, including a number of examples of outright fabrication." https://en.wikipedia.org/wiki/Wikipedia:Reliable_sources/Perennial_sources#The_Nation https://en.wikipedia.org/wiki/Wikipedia:Reliable_sources/Per...
- Bedon292 6y ago
  And sure, New York Post isn't where I would typically get financial news from. However, most of the financial news sources had silver high on their page this morning. Its still the headline story on Bloomberg.

EForEndeavour 6y ago

I think you're right in that this narrative that silver has become "the latest target for a brigade of day-traders on Reddit" is disinformation. While there were a few posts in the past days promoting silver as the next memestock (the article links to https://old.reddit.com/r/wallstreetbets/comments/l71rdv/silver_biggest_short_squeeze_in_the_world_slv_25/ https://old.reddit.com/r/wallstreetbets/comments/l71rdv/silv...), a quick glance at https://old.reddit.com/r/wallstreetbets https://old.reddit.com/r/wallstreetbets confirms that the prevailing sentiment of that subreddit is that silver is a coordinated distraction. Speaking of information, Wikipedia rates the New York Post as "generally unreliable for factual reporting especially with regard to politics, particularly New York City politics. A tabloid newspaper, editors criticise its lack of concern for fact-checking or corrections, including a number of examples of outright fabrication." https://en.wikipedia.org/wiki/Wikipedia:Reliable_sources/Perennial_sources#The_Nation https://en.wikipedia.org/wiki/Wikipedia:Reliable_sources/Per...

Bedon292 6y ago
And sure, New York Post isn't where I would typically get financial news from. However, most of the financial news sources had silver high on their page this morning. Its still the headline story on Bloomberg.