Is silver is supposedly the next Reddit day trading target?

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I have always thought silver would be a target someday according to some YouTubers that I follow.

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(source)
https://stockcharts.com/h-sc/ui?s=AG

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I don't own any First Majestic silver stock but I like to follow the company because I like the management team and the sector. Yesterday I was wondering which stocks would be targeted by the Robinhood crowd. I had a feeling that silver stocks could be a great target for these guys. If they could buy silver stocks and more importantly Ishares silver trust and the likes it could be huge!

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When I got home to my newsfeed I saw this on Yahoo finance, an article from Bloomberg!

Yvonne Yue Li and Joe Deaux
Thu, January 28, 2021, 12:09 PM
(Bloomberg) -- Reddit investors have discovered silver, with everything from silver miners, silver ETFs and the actual price of the physical metal itself soaring on Thursday.

The first signs came late Wednesday, when comments appeared on internet chatroom r/wallstreetbets, the same investor board that started the wild short squeeze in Gamestop Corp. and other companies. The comments centered on iShares Silver Trust, the biggest exchange-traded instrument backed by the metal, calling it “THE BIGGEST SHORT SQUEEZE IN THE WORLD,” and citing banks manipulating gold and silver prices.
https://www.yahoo.com/finance/news/silver-latest-market-hit-reddit-151147282.html)

This made me smile after a busy day at work. If you follow my blog you know I have a very large position in silver and gold. After watching Bitcoin take all of the precious metal shine in the last year it's about damn time they get noticed for how manipulated they have been!

When they said the biggest short squeeze in the world I knew this would be a good day. (Cheers)

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@mariosfame @krunkypuram

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Thank you for reading my blog and have a great day!


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I saw it mentioned yesterday by the reddit group on twitter saying something about silver was next. I think just keep one eye open as if it is targeted you could have some fun. Who needs Bitcoin when you have Gold and Silver.

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Nice, I was wondering when someone would have the balls to go after silver. My gold miners looking good too!

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As a Silver bug, I expected it to reach $80 CAD by 2011.
Silver is the money of gentlemen, Hive the money of wizards.

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A fellow silver bug, how cool, I will follow you. I thought it would have hit 50 USD by now!

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I still love to collect silver coins but I am much more interested in the Hive token and all the aspects of this programmable web 3 decentralized data layer. Silver is real you can hold it in your hand but most people don't understand it, since they took all the money out of the coins over the last 20 years. If you find a coin that is pre-65 they are usually worth way more than face value. Silver is definitely in short supply so if this is a signal for the market we should probably buy. Most of the silver that is mined each year gets used up, as in it doesn't exist anymore. Demand for electronics is one reason for this.

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There also appears to be a bump in todays Silver chart

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5 year is looking good and even 2020 if you bought in March
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10 year we are still down 47%

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https://fthustler.com/2021/01/10/bitcoin-is-worth-half-of-all-existing-silver/

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https://www.gainesvillecoins.com/blog/why-is-silver-so-valuable

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I bought some silver mining companies yesterday since they were cheap. Then I sold some upside calls due to high VIX but I guess I will just let my shares go if the stocks expire in the money. Well in that case, it is still a 10% gain in that case.

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There is nothing wrong with a 10% gain!

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Yes 10% is very nice if it ends up being in the money for less than a month's waiting time. Profits are always nice.

!WINE

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Happy for you. These guys are really making miracles and also pinpointing how crooked wall street and other trading exchanges and funds are.

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The whole Gamestop situation is entertaining to behold.
OMG, if they could do it to Silver but not until I get my 2021 roll of Male Leafs first!

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I had no idea about silver value, except for jewelry of course. Don't laugh 😄

I love silver and if I were to choose between gold and silver, would definitely go for silver.

You should post more about it as it's interesting

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They kept the price down on it for too long, most stackers gave up waiting for it to moon and went to Bitcoin. There is a small group here that never stopped stacking so we finally get to say we were right about all the naked shorting by the big banks!

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I'm starting to discover the silver (people) guys and learning from them.

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Oh my....now I need to go check my silver and Gold mining stocks....
Tell the Reddit guys Pedal to the floor, I own First Majestic silver!😇

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I had options on it a long time ago, for like 4 bucks a share. I never got back in and watched it go up after I sold them.

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