Comment by jmyeet

Comment by jmyeet a day ago

4 replies

This is a prime example of being confidently wrong. As another commenter put it (paraphrased) if you think a few Tiktokers can move the global silver market then you're a deeply unserious person.

There are fundamental issues driving up silver prices in the last 6+ months, capped off by China instituting strict export controls starting January 1, 2026, which has further tightened supply.

This is a short squeeze, just like Gamestop from a few years back. Banks hold huge short positions, the prices keep going up, the exchanges are intentionally trying to bail out by the banks by crashing the market and no retailer is actually buying silver for a bunch of reasons I went into more detail about in other comments on this thread.

ProjectArcturis a day ago

I was with you till the last paragraph. Banks having a huge short position is a false conspiracy theory.

  • Xx_crazy420_xX a day ago

    Can either one be proved?

    • ProjectArcturis 17 hours ago

      You would think, if banks did have a huge short position, they would have announced large losses in Q4 after metals mooned. They did not.

PlatoIsADisease a day ago

I agree, Gold is a 35 trillion dollar market. There is no pump and dump.

What happened to HN, people are totally fine with fanciful ideas suddenly.

Normies found it?