United Parcel Service (UPS) After two quarters of explosive demand […]
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.