I’ve been studying precious metals for several decades now.
He's studied the [silver] blade.
Silver isn't back. It was a propaganda ploy to try and get Redditors to pump something that melvin capital owned a bunch of.
spoiler
GME BB AMC 🚀🚀🚀🚀🌙 🌙 🌙 🌙
It was such a beautiful ploy, an absolutely textbook attempt at manufacturing consent. Just look at it, the media reported that r*dittors and retain investors were already buying silver en masse. They created a narrative that this is just a wild crowd, without direction, that jumps from one thing or the other, both to discredit the entire thing, to make it seem like they are just random, incompetent actors, that are not doing a directed thing, and also to try to make the entire silver thing happen. If you noticed in the media there is also the narrative, that these evil redditors are hurting the common people and tricking them into playing along, so a lot of them will sadly get burned (and probably is the case to be fair, but from the sentiment I see, people are fine with that). So it seems like a division tactic - the normal person, the one who is responsible, but is ignorant about this complex financial thing, is different from the incompetent and random, but malicious "redditor".
I think even them choosing silver reveals a little about the thinking here. Silver has long been used to dupe people into investing in it for losses, and has long been associated with right wing wackos as well. And there have been comparisons between the Capitol Storm and this. So, maybe there is also an effort to paint the crowd as a right wing mob as well...
I once thought silver would do what Bitcoin has done. That is, go to 1,000 per ounce or more. Back in 2011 Tina and I drew this cartoon that showed the silver bull.
For reference, silver was like 35 dollars per ounce in 2011.
It fell thereafter and has not yet reached the same heights again.
Unfortunately it never happened.
:shocked-pikachu: