Silver market fleeces Reddit patsies – MacroBusiness

The recent Reddit silver rally was triggered by a post in a Reddit forum thread called WallStreetBets calling for the biggest short squeeze in the world. At the time of writing, silver prices have retreated and paused after the initial resulting surge. This note is not intended to offer a prediction of prices but rather an illustration, using a couple of metrics,of how unusual this event has been.The impact on the silver market has been real, with the silver price diverging from the gold price,…

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