SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 678.85-0.3%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GROUND ZERO™ who wrote (153199)1/31/2021 2:17:17 PM
From: Horgad2 Recommendations

Recommended By
cycleupcycledown
GoodGord

  Read Replies (2) of 220192
 
Unprecedented silver demand forcing bullion deals to stop taking orders before market opens

Neils Christensen Sunday January 31, 2021 13:17

( Kitco News) - Unprecedented investor interest in silver has continued through the weekend, spilling into the physical market with many bullion dealers unable to keep up with the demand.

After creating massive short-squeezes in stocks like Gamestop, Blackberry and AMC, retail investors mobilized over social media started to focus on the silver market. Reddit's Wall Street Bets has been one of the leaders of the organized mob with its subreddit discussion: 'The biggest short squeeze in the world $SLV Silver $25 to 1000$.'

The mobilization of retail investors in the silver market has created an impressive move for the precious metal. March silver futures prices ended Friday around $27 an ounce, for a nearly 6%.

In anticipation of a massive open Sunday evening, retail investors have been busy buying physical bullion over the weekend. Many bullion dealers have had to stop processing online orders because of the unprecedented demand, in the face of price uncertainty.

<SNIP>

kitco.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News