Silver Spikes Past $30 as Retail Investors Swarm Biggest Target. Rally follows jump in demand over weekend for bars and coins. The momentum rests with smaller investors right now.

submitted by christnmusicreleases from (bloomberg.com)

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[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Cornering the silver market would actually make sense

At this moment. Normally the supply of silver outpaces demand, keeping the prices low.

By the time people read about anything though it's already a missed opportunity. You'd be sitting pretty right now if you bought silver at $17/oz, but now? There's a chance it hits a 10 year high of $50, but the last time it did that was over catalytic converters and a shortage.

[–]fschmidt 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Silver is still somewhat undervalued, but more importantly this market could be cornered and driven much higher, like GameStop was but more effectively.

I did buy silver under $20 and I am selling now because I know the wallstreetbets people are too stupid to corner the silver market.