silver short squeeze

Discussion in 'General Precious Metals Discussion' started by SilverHaas, Jan 28, 2021.

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  1. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    The silver market was always going to be too big for them to make any real impact unfortunately.
     
  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Why because 99% of physical silver is "priced" from Spot but has nothing to do with Comex...... Very unlikely a refiner or Smelter buy from source ie mine if they are looking for 5000oz since this is nothing

    Much like Australian LPG Gas price is based on Singapore Sweet Oil Futures +- BTU Thermal +- LPG Premium or Discount, the gas never goes anywhere near Singapore but to China. Korea and Japan
     
    Last edited: Feb 3, 2021
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  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Sold my PAAS, almost same price I bought last week! No point holding a silver stock unless can make at least 30-40%. :D
     
  4. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    I’d settle for 20-25%!
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yes, it went up nearly 20% earlier in the week. If I sell on Tuesday, I can get a free coin. Too volatile so I'm out. Also concerned about talks on a Feb stock market correction.

    Anyways, got a bar over the weekend, not looking back. :)
     
    Last edited: Feb 5, 2021
  6. alor

    alor Well-Known Member Silver Stacker

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