Rumblings in the Silver Market (SI=F)

April 9, 2021

Rumblings in the Silver Market (SI=F)

Consumer Mentions of silver bullion products are maintaining an unprecedently level, holding above 250 mentions per day over the past 2 months.

However, the silver futures price remains unaffected.

In the days following WallStreetBets successful squeeze of GameStop (GME) stock, Reddit investors identified the heavily-shorted silver market as a potential squeeze candidate. A single-day +9% move resulted, but the crowd lost interest after the futures price declined -10% on the following day.

Another squeeze isn’t out of the question, and retail investor chatter is still elevated -- Keep an eye on this commodity going forward.

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