SILVER PRICE SOARING ON SQUEEZE: $50 Price Target Just Issued But Look At This Surprise
As we kickoff the week, the price of silver is soaring today as the shorts are being squeezed and a $50 price target was just issued, but look at this surprise.
As we kickoff the week, the price of silver is soaring today as the shorts are being squeezed and a $50 price target was just issued, but look at this surprise.
Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that the bullion banks are now short 100 million ounces of silver on the Comex and there is no liquidity in London.
In what may be seen in the fullness of time as the first wave of the public entering the silver market, Robinhood silver traders may break the Comex and seriously hurt some bullion banks.
Central banks have created a Niagara Falls of printed money and debt, gushing down chaotically all over the world.
As the price of gold surges over $30 and the price of silver soars 6.5%, it appears there is no liquidity in the silver market in London and that “could destabilize all PM (Gold & Silver) contracts” as the Reddit silver short squeeze continues.
As the Reddit army of traders target the silver market, today the man who oversees nearly $160 billion says the price of silver may be poised to skyrocket.
On the heels of the Reddit trading army entering the silver market, here is an update on a wild day of trading in silver.
The following back and forth took place regarding the Reddit Silver Shocker with one of the most respected CEOs that runs one of top performing silver companies in the world.
With the stock market tumbling and the US dollar rallying, we are setting up for market earthquakes.
With stocks tumbling and the US dollar rallying, this stock market collapse will be worse than the COVID crash, plus why silver is set to massively outperform stocks.