Will be talk of the week IMO. Lots of chatter to try a short squeeze. Retail can't do it alone but big money will join. They like big profits also. Physical silver prices up $5-6 in the past 3 hours based upon several bullion dealers. Paper closed near $27 friday. Current physical price $41-43. Not sure how much premium was already in physical at friday close.
Spot Silver had recent swing high @ $27.83, and prior pair around $29 level so there is that to consider.
literally playing them as fools man <blockquote class="reddit-card" data-card-created="1612132006"><a href="">CITADEL IS THE 5TH LARGEST OWNER OF SLV, IT'S IMPERATIVE WE DO NOT "SQUEEZE" IT. THESE ARE HEDGE FUNDS BOTS SPAMMING AWARDS</a> from <a href="http://www.reddit.com/r/wallstreetbets">r/wallstreetbets</a></blockquote> <script async src="//embed.redditmedia.com/widgets/platform.js" charset="UTF-8"></script>
Silver etf on asx up 14% on open right now. Edit, now 21% with mkt 2 minutes to open. +24% on open of asx. (ETF's open pre market)