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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  7. norman_h

    norman_h New Member

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    Being a baby stacker, I look at that and wonder if it is:

    1) always delayed as a marketing technique to drive desire for the product
    2) really in high demand
    3) some other reason
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    They only make money as they sell so delaying wouldnt help them. They want turnover as fast as possible and to make their money.
    It's just low supply and high demand right now imo.
     
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  9. alor

    alor Well-Known Member Silver Stacker

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    transportation is a problem during covid, so they can not so easily orders from everywhere
    when price drop too fast, big buyer can single handedly clean out the limited supply
    no its not marketing, just describe whats going on
    high demand ? may be not...as some other supplies are available
    premiums differentials are everywhere
     
  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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  11. dragafem

    dragafem Well-Known Member Silver Stacker

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    There is supply but depends on what do you want(coins or bars) and how many oz's?
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    True, limited supply I meant. Lots of stuff sold out here in the US and it's really dried up. Not sure about other places.

    The past few years there was tons of anything you wanted at any time it seemed.
    Just seems dry out there.
     
  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Lots of market manipulation going on, they play both directions. A market analyst recently made a very good comment. It's not important to get it right all the time, just "diamond hands". He makes a very good point. What he is trying to say is, don't bother with the daily price fluctuation, however volatile it is.
     

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