Silver investing advice after attempted Reddit squeeze: Metals veteran - Business Insider

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A 20-year precious metals veteran breaks down why Reddit traders' silver squeeze fizzled out — and shares his best advice for investing in the commodity as a bull market remains intact

on silver, he felt it was like comparing"comparing apples to oranges."

Blasi said banks have heavily shorted silver for over a decade and they could have maintained the short position as a hedge for clients such as silver miners.

In theory, that reduces the supply of physical silver bars in the market, but the custodian can also store silver"in an unallocated form," meaning they can promise to deliver the silver bars based on existing inventory without having to go acquire physical silver to meet the demand, according to the trust'sWhile retail investors are unlikely to ever engineer a GameStop-like short squeeze on silver, the precious metal is still a good investment driven by two catalysts.

He adds that the increased industrial demand will actually drive up the price of silver because there has been an imbalance between silver mine output and industrial consumption.

 

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APMEX Silver is real money, do not waste time with virtual money, we will stop being fooled with paper money in 2021.silversqueeze silver wallstreetsilver

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