Silver is the new GameStop: Price reaches highest level in almost 11 years

The Associated Press ^ | 2/1/2021 | AP Staff

[delta7]

I am beginning to think all the massive silver manipulation and corruption over the many years will free silver AND bankrupt JP Morgan and other huge manipulators. This pop up will undoubtably be beat back down but as this is the second great PM rush in 6 months, and the USD is weakening, the third pop may “ stick”.

[nevergore]

Floating back down now....bids at $28.98

[nomorelurker]

We may soon discover that what is legal for the big players might be illegal for the little guy.

That has been one of the major observations of this whole Gamestop thing. I think both should be legal and see nothing wrong with “little guys” getting together on social media to recognize an opportunity and taking action together on it. I may not like the multi hundred million hedge fund guys doing it but see no way to stop it. If it was not meeting over lunch, then at the tennis club, golf course, ad infinitum. Too many ways to communicate something like this while leaving little or no record.

[delta7]

I make mine at 14 PPM.

[redgolum]

This isn’t a stock. It is commodities.

At some point, you will see sliver flood the market.

[redgolum]

Unless, of course, there’s paper receipts issued by entities that do not actually possess the silver, or who have sold it more than once ;-)

I am sure that is the case. BUT how much physical silver is sitting out there? No one really knows. That is the game in commodities. There is always some "paper" stuff. Never can be 100% sure if you ask for delivery you will get it, but it is tied to a physical product.

[Presbyterian Reporter]

“””I am holding for the inevitable Biden EO requiring solar panels on every square inch of US soil”””

---

And when Biden’s Crime Family accomplishes the task of solar panels on every square inch, they will complain of global warming from the sunlight reflected from those panels.

[JohnnyP]

I think solar panels are designed to absorb sunlight.

[ChildOfThe60s]

While I would dearly love to see the silver price manipulators take it up the poop chute, it ain’t going to happen .

There’s no way we’re ever going to beat those who control the printing presses of electronic money and paper bullion.

This morning the premium above spot for silver was over $13 an ounce . Any shortage that is significant enough to cause that should be causing the price of bullion to go a lot higher.

The silver that I hold is not an investment, it is a backstop against collapse . With any luck I’ll still own the silver when I die and my daughter will get it .

[Skepolitic]

FAKE NEWS.

The GME diamond hands at Wall Street Bets rejects this story entirely.

Silver may be a great investment, but the redditards are not selling GME to buy silver.

BTW, if you want to buy silver, buy silver coins or silver bars, not SLV. SLV is paper, not silver.

[nevergore]

Down to $27.04 this morning and trending down...

[diatomite]

We will know eventually. The possibility of paper silver is only speculative guessing.