Can silver be short-squeezed to $1,000? Peter Hug

Plans to short-squeeze silver to never before seen prices circulated on Reddit.

Silver has seen price action to the upside yesterday as a result, with silver stocks climbing in response.

Ultimately, pushing silver up to $1,000 an ounce is a practically, near-impossible thing to do, said Peter Hug, Global Trading Director of Kitco Metals.

“[Reddit users] indicated they were trying to short-squeeze silver. Much more difficult to do [than with GameStop] because here we’re talking about the big, big global banks involved in the market and the metals will trade on supply and demand fundamentals, albeit there is tightness in the market in investment products for silver. The larger 1,000 ounce bars have ample supply available…so there is no shortage of big bars on the market,” Hug said.

Market fundamentals are still on silver’s side on a medium to longer term perspective, and even after yesterday’s push up, the silver price is still undervalued at these levels, Hug said.

>>12767215

forgot link to article

https://www.kitco.com/news/2021-01-29/Can-silver-be-short-squeezed-to-1-000-Peter-Hug.html

>>12767236

I picked up on that too. Leveraged at approx 240

:1. That is "supply and demand".

>>12767291

ALERT! Will SILVER be the Next Game Stop Short Squeeze?! (Bix Weir)

The curtain is being pulled away on the Market Riggers. Naked shorting has NEVER gone away even though the SEC has outlawed it. The Game Stop situation is just one of many rigged situations that is being exploited. SILVER is the ultimate rigged market but is THE Bank Killer which would wreak untold havoc on the Global Financial System…which may be a Good Thing!

>>12767342

I never put all my eggs in one basket. With that said, it never hurts to take in ALL opinions and decide for yourself. Bix may be the "shiny object of the day" guy but he has way more knowledge than I (but obviously not all the knowledge). If you watch this vid, he never says "you should definitely run out and put all your money in silver". He is only opining about whether it could happen and what the ultimate affects on the greater economy would be.

>>12767408

The coin shop/pawn shop where I buy has an electronic device that will read content by simply placing the coin on it. I know it works because on one purchase a round which didn't look right to was checked, and it turned out to be fake. They ALWAYS check all my rounds/bullion bars 100%.

The elite's nepotism chain must be broken.

>>12767577

He did a super hero landing? Bad on the knees.

>>12767625

They don't call it stealth for nuthin.

Rare bread. Kiddie porn on one end of the spectrum and religious discussion on the other.

>>12767907

BV deleting kiddie porn newfag.