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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (153199)1/31/2021 11:21:17 AM
From: rxbond1 Recommendation

Recommended By
Sdgla

  Read Replies (1) | Respond to of 220358
 
He did sound like a tailpipe, but then again he could be spot on. The seasonality does favor silver.




To: GROUND ZERO™ who wrote (153199)1/31/2021 2:17:17 PM
From: Horgad2 Recommendations

Recommended By
cycleupcycledown
GoodGord

  Read Replies (2) | Respond to of 220358
 
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.

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kitco.com