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Silver got unprecedented amount of focus today. Yet one big false impression in the whole silver saga was that the Reddit area was joined in the call. As a matter of fact, the majority of Reddit messages from today advised against acquiring into silver due to the fact that it was a disturbance from its original GameStop play.
So, allow's take a look at why the silver press really did not occur as well as why prices dropped after briefly striking above $30 an ounce.
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Is the silver squeeze really dead? Here’s some great news for silver price
Silver received unprecedented amount of attention this week. But one big misconception in the whole silver saga was that the Reddit community was united in the call. In fact, most of Reddit posts from this week warned against buying into silver because it was a distraction from its original GameStop play.
So, let’s take a look at why the silver squeeze didn’t happen and why prices fell after briefly hitting above $30 an ounce.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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