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TwistedSister 20 points ago +22 / -2

I know about this whole scheme, but I don't believe they dumped their shares onto the market. In fact, I think they actually even bought more shares just to pump up the price even more. What else would explain the rise in value other than a massive demand?

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p8riot 22 points ago +22 / -0

OP said they dumped AFTER people bought. The rise in price is explained by the rise in demand. Every podcaster was mentioning silver. Even our guys.

That said, if you're dumb enough to buy FAKE silver (stocks) then you sorta got what's coming. PHYSICAL silver is what retains value, not fake stocks which aren't backed by anything.

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deleted 5 points ago +5 / -0
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TwistedSister 2 points ago +4 / -2

If you were trying to refute what I just said, you failed. In fact, you completely agreed with what I just said.

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p8riot 4 points ago +5 / -1

No, you said that hedge funds bought more silver stock, I disagree with that. Pump and dump. They dumped.

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TwistedSister 2 points ago +4 / -2

That doesn't mean they didn't help pump up the price before they dumped.

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p8riot 3 points ago +4 / -1

Yes, that's implied by "pump and dump".....

What I disagreed with is you said "I don't believe they dumped their shares onto the market" when clearly that appears to be the case.

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TwistedSister 2 points ago +3 / -1

I just poorly worded it. I assumed everybody already understood they dumped their shares since that was the only purpose behind it all was to drive increased demand so they could make up their losses from the GME stocks.

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deleted 1 point ago +1 / -0
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falsesongofglobalism 1 point ago +1 / -0

Well...in a financial collapse, yes, clearly you'd want physical silver which has intrinsic value. Paper silver would become worthless as financial systems implode.

With SLV being an ETF that tracks the spot of silver, if the silver market were to be pushed higher, SLV would follow.

What is ridiculous, however, is that anyone actually believes you could move the global silver market appreciably in any which way by pumping in some retail money. The silver market is soooo large and deep, that you'd require insane levels of capital to move it and no one could likely realistically do it.

However, that said, there are good reasons to own precious metal ETFs. People buy anywhere from 5-10% of them in their portfolios as a hedge against inflation without having to take physical ownership of silver. It's not a terrible idea theoretically. I believe silver had been a much better inflationary hedge than gold, but someone could correct me.

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p8riot 1 point ago +1 / -0

I think your cause and effect is backwards? The spot price is manipulated by silver short sellers, who trade in the fake silver stock.

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TearofLys 12 points ago +13 / -1

Wasn't just the media. There were assholes here pushing silver.

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Bronski 8 points ago +8 / -0

Physical silver is good.

Paper silver is paper.

Not financial advice, my opinions.

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TearofLys 1 point ago +2 / -1

Well, to buy actual silver on the market, need a commodities license, unless you are talking about hoarding actual silver in your basement or something like that.

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Bronski 9 points ago +9 / -0

Yes, hoarding actual.

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SnowflakeJuice 7 points ago +7 / -0

I saw a couple of posts with dumbfucks touting silver. every time I commented against it, and was downvoted.

There is around 1 billion ounces of silver produced a year, the only reason more is not produced, is because the mines try to match supply with demand in order not to deflate the value. Supply was down in 2020, because demand from manufacturing was down.

Drive up the price enough, and mines will increase supply, bankrupting all the geniuses who invested in silver

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iSignedUpForThis 2 points ago +2 / -0

Where does it all go?

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SnowflakeJuice 3 points ago +3 / -0

Most is used in manufacturing

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HoldthelineUSA2020 4 points ago +4 / -0

yeah, Im holding some silver, but as insurance. GLD and palladium too.

I dont expect much gains, just a store of value over the long run vs the $USD

less than 8% total account in precious metals.

Automation is were the money will be if the pedo joe regime keeps moving.

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deleted 3 points ago +3 / -0
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p8riot 0 points ago +3 / -3

if the pedo joe regime keeps moving.

I just can't believe Trump would allow Joe to destroy the country for 4 years. If our man is legit, there has to be some failsafe in place. The alternative is not fun to think about.

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NadlerShartWaddle 3 points ago +3 / -0

As good as he is, he has next to no support in DC to accomplish much anyway. Whatever plan was in place obviously failed and that alternative is creeping closer by the day.

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Pres_Trump 12 points ago +12 / -0

That is a very small correction. People are buying physical silver like crazy right now. The price spread between Gold and Silver is also historically high so there is growth there.

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SnowflakeJuice 4 points ago +4 / -0

that's like comparing bananas and cars, the majority of silver is bought for manufacturing, not as an investment. The correlation between the price of gold and silver is tenuous, not a reason to invest. There is plenty of silver sitting in mines, that is not the case with gold

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Pres_Trump 3 points ago +3 / -0

I disagree but hey, we shall see wont we.

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SnowflakeJuice 3 points ago +3 / -0

There are 560,000 metric tons of known silver reserves. The world demand for silver is around 30 tons annually, and about 16% of that comes from recycling.

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Pres_Trump 4 points ago +4 / -0

There are Trillions of barrels of Oil in known reserves. The world demand for Oil is 35,442,913,090 per year. 16% of that is used in Plastic. Whats your point?

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SnowflakeJuice 2 points ago +2 / -0

The point is that if the prices rise, they could easily increase production to match it, and it won't be like oil, where new technologies needed to be invented to access it (fracking, tar sand extraction). They can ramp up production in existing mines if they wanted too.

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Pres_Trump 1 point ago +1 / -0

The same analogy still works with Oil though. All I am saying in this case your analysis wont matter if everyone keeps buying Silver. I understand your point but we are talking about the Market where Game Stop, which is a failing company, surpassed major companies Market Cap in one day.

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ghost_of_aswartz 2 points ago +2 / -0

Let's hope they are buying physical silver and not the jpmorgan manipulated slv

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tonkabodhi 1 point ago +1 / -0

Yeah... gold and silver don’t “work” that. Ha.

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Chaospyke 6 points ago +6 / -0

Tried to warn other Pedes about this earlier but they blew me off. Thankfully your post is doing better than mine.

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Dooter 2 points ago +2 / -0

I believe that I was wrong.

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HoldthelineUSA2020 6 points ago +6 / -0

nothing wrong with holding a little SLV, GLD and Palladium

Just a little, like less than 8% of total account.

If shit does hit the fan you will be happy you did, otherwise I hope to never need to touch the precious metals.

Also, once the stimi money starts to hit, the dollar will keep goin down.

The whole idea of precious metal is to keep value better than Fiat, and it is and will keep doing this.

Dont by metal to expect to make gains, stonks are for that.

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sentient-potato 8 points ago +8 / -0

Exactly, it's been undervalued for years and is a good long-term investment.

You don't buy SLV intending to day trade.

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ghost_of_aswartz 3 points ago +3 / -0

gold outperformed the index over 10 yrs

just sayin'

vanguard mutual fund is a good performer if you don't play stonks which many of us don't

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SnowflakeJuice 4 points ago +4 / -0

That is false, the stock market more than doubled over the last 10 years, and that is not even counting re-investing dividends. Gold is up around 25% in the last 10 years, and is still worthless than it was in 1979. not to mention, silver is not gold

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Enkryptor 2 points ago +2 / -0

Gold has just gone up with inflation, which is exactly what it's supposed to do.

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deleted 5 points ago +7 / -2
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cyberwar 5 points ago +6 / -1

a watchlist of bankruptcy

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Scrub_Anon [S] -6 points ago +2 / -8

Lol....a watchlist of future gains. You obviously don't know SHIT about making money.

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cyberwar 7 points ago +9 / -2

These companies are shit

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crazyjackel 5 points ago +5 / -0

I realized this and got out Monday, being up 10%.

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crazyjackel 3 points ago +3 / -0

I mean, I only have 15 shares, so I made only $30, but hey... money is money.

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JAYVEEZ 5 points ago +10 / -5

UR STOOPID

silver is oversold undervalued manilpuated by 12 global banks via comex 10000 times harder to break than gme apples and oranges

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keyboardwarrior1 4 points ago +4 / -0

THIS ISN’T TRUE, but don’t take it from me. Look at both the silverbugs and wallstreetsilver subreddits, tons of information on how manipulated silver is. These people have been at the game against the banks for decades and are just trying to get some attention to the shit that’s been going on. This dip is the manipulation they’ve been talking about. Buy physical if you can, PSLV if not, only buy SLV calls. I’m a wsb retard though so don’t think this is investment advice.

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Peashout 4 points ago +4 / -0

Crazy to me that they had the entire media on board for their pump and dump scheme.

Should be illegal, probably is.

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deleted 3 points ago +3 / -0
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falsesongofglobalism 2 points ago +2 / -0

Nice play

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Bronski 3 points ago +3 / -0

Biy physical

Paper = pauper

Not financial advice, just my opinions.

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KamalasStench 3 points ago +3 / -0

fml re nokia. The one halfway decent company! Still hanging on through earnings on Thursday.

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deleted 4 points ago +4 / -0
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ghost_of_aswartz 3 points ago +3 / -0

blackberry is still big in DC

ask Imran Awan how and why

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Desktop 3 points ago +3 / -0

The media and shill push to move into SLV couldn't have been more obvious. And two seconds worth of research would have revealed that this was a coordinated and organized scam. Maybe it worked to some small degree and helped the hedgies get out from under some small portion of their GME shorts but I doubt it. They are in too deep and bleeding out more and more every day. The squeeze has not squoze.

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MookMook 2 points ago +2 / -0

The price of physical silver is diverging from the "spot" price. This is interesting. At one point I saw a $14 difference between solver eagles and the spot price. There's always a premium, but not one that big... It shows how fake the paper trades are...

If you're going to buy silver or gold, buy physical and have it in your physical control.

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SevenThunders 2 points ago +2 / -0

Citadel owns about 80 million dollars worth of SLV. That's nothing in the $5 trillion dollar paper market in silver.

The actual physical silver market is some 250 times smaller, which shows that the paper market is highly leveraged and fake.

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brundlefly777 2 points ago +2 / -0

Fuck silver until this fiasco is settled (meaning we have fucking bankruptcy confirmation).

Hold the line.

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AlohaChris 2 points ago +2 / -0

The Media was spamming Silver threads on the Chan’s as well.

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Tenspot20 1 point ago +1 / -0

Watch for the DROP!

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Desktop 3 points ago +3 / -0

buy the drops.

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deleted 1 point ago +1 / -0
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dparks2010 0 points ago +1 / -1

It's like you got this list right off /pol, not /wsb but /pol itself. come on, man.

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jubyeonin -1 points ago +1 / -2

The GME and sliver plays both came from the same source.

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Chaospyke 4 points ago +4 / -0

This is false. GME came from Reddit's Wallstreetbetts(WSB). If you go to WSB, you will see them saying that silver is a media lie meant to distract from GME, basically the same as what OP said.

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jubyeonin -1 points ago +1 / -2

This is false. The silver short squeeze came from r/wallstreetbets. It started from paper silver overexposure.

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deleted 2 points ago +2 / -0
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Dooter 1 point ago +1 / -0

What source was that? GME came from WSB, silver from the media, falsely claiming that silver too was the advice on Reddit.

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Scrub_Anon [S] 2 points ago +2 / -0

There was a popular thread on WSB about buying silver. It was later revealed that account was a bot.