Quote:
Originally Posted by lamboguy
i just thought of this, last week they only held 325 million ounces, now 600. who is going to sell their slv now if they know that brokerage firms won't let you buy any more?
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Which, in essence is very similar to what happened in game stop.....
low float equates to much higher prices if there was a run to buy silver....
In the case of game stop, there was and is still a HUGE short position. Last c checked, it was near 121% shorted. Any runs on buying would cause the shorts to either have to cover there by driving the prices even higher....
I wouldn't be shocked to see GME hit 1k soon.
After reading some of the reddit post on GME, those who have pushed this say they are holding no matter what. If thats truly the case, the price has no where to go but up!!!!
