Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Weather Man" data-source="post: 16569935" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/symbol/XAGUSD:CUR" target="_blank">XAGUSD:CUR</a></p><p><a href="https://seekingalpha.com/news/3656458-silver-spikes-as-retail-buyers-try-squeeze-play" target="_blank">Silver spikes as retail buyers try squeeze play</a></p><ul> <li data-xf-list-type="ul">Silver futures (<a href="https://seekingalpha.com/symbol/XAGUSD:CUR" target="_blank">XAGUSD:CUR</a>) are <a href="https://www.reuters.com/article/us-retail-trading-silver/silver-prices-miners-surge-as-retail-buyers-pile-in-idUSKBN2A00WG" target="_blank">surging to open the week</a>, popping as much as 7.4% to $28.99/oz. for the highest level since mid-August, after <a href="https://seekingalpha.com/news/3655631-silver-metal-price-joins-miners-in-short-squeeze-rally" target="_blank">last week's Reddit-fueled rally</a> lifted the metal 15% higher since last Wednesday's close.</li> <li data-xf-list-type="ul">The latest spike comes after retail sites were <a href="https://www.bnnbloomberg.ca/silver-spikes-at-the-week-s-open-as-reddit-hordes-pile-in-again-1.1556977" target="_blank">overwhelmed with demand for bars and coins</a> on Sunday, with outlets such as Apmex and Money Metals saying they were <a href="https://www.wsj.com/articles/silver-prices-rise-after-online-attention-11612138731" target="_blank">unable to process orders</a> until Asian markets opened because of unprecedented demand for the metal.</li> <li data-xf-list-type="ul">"The Reddit crowd has turned its sights on a bigger whale in terms of trying to catalyze something of a short squeeze in the silver market," says Kyle Rodda, an analyst at the IG Markets brokerage in Melbourne. "The most important factor here is that silver is heavily shorted, the paper market is much, much larger than the underlying commodity can justify... There's a lot of commentary on these platform to pile in to the miners."</li> <li data-xf-list-type="ul">Some Wall Street analysts already had been positive on silver's outlook as part of a broad upswing in raw materials, with Goldman Sachs calling last week for a $30/oz. price target.</li> <li data-xf-list-type="ul">ETFs: <a href="https://seekingalpha.com/symbol/SLV" target="_blank">SLV</a>, <a href="https://seekingalpha.com/symbol/SIL" target="_blank">SIL</a>, <a href="https://seekingalpha.com/symbol/PSLV" target="_blank">PSLV</a>, <a href="https://seekingalpha.com/symbol/AGQ" target="_blank">AGQ</a>, <a href="https://seekingalpha.com/symbol/USLVF" target="_blank">USLVF</a>, <a href="https://seekingalpha.com/symbol/SIVR" target="_blank">SIVR</a></li> <li data-xf-list-type="ul">On watch will be First Majestic Silver (NYSE:<a href="https://seekingalpha.com/symbol/AG" target="_blank">AG</a>), which <a href="https://seekingalpha.com/news/3655496-reddit-crowd-takes-aim-at-silver" target="_blank">soared 30% during Thursday-Friday trading</a>, and the likes of Pan American Silver (NASDAQ:<a href="https://seekingalpha.com/symbol/PAAS" target="_blank">PAAS</a>) and Coeur Mining (NYSE:<a href="https://seekingalpha.com/symbol/CDE" target="_blank">CDE</a>), which sported ~15% gains over the two days.</li> <li data-xf-list-type="ul">"Even a small shift in demand from cryptocurrency holders towards precious metals could have huge and potentially long-lasting implications for silver prices," Stuart Allsopp writes in a <a href="https://seekingalpha.com/article/4402339-slv-retail-interest-another-reason-to-be-bullish" target="_blank">bullish new analysis published on Seeking Alpha</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16569935, member: 137766"] [URL='https://seekingalpha.com/symbol/XAGUSD:CUR']XAGUSD:CUR[/URL] [URL='https://seekingalpha.com/news/3656458-silver-spikes-as-retail-buyers-try-squeeze-play']Silver spikes as retail buyers try squeeze play[/URL] [LIST] [*]Silver futures ([URL='https://seekingalpha.com/symbol/XAGUSD:CUR']XAGUSD:CUR[/URL]) are [URL='https://www.reuters.com/article/us-retail-trading-silver/silver-prices-miners-surge-as-retail-buyers-pile-in-idUSKBN2A00WG']surging to open the week[/URL], popping as much as 7.4% to $28.99/oz. for the highest level since mid-August, after [URL='https://seekingalpha.com/news/3655631-silver-metal-price-joins-miners-in-short-squeeze-rally']last week's Reddit-fueled rally[/URL] lifted the metal 15% higher since last Wednesday's close. [*]The latest spike comes after retail sites were [URL='https://www.bnnbloomberg.ca/silver-spikes-at-the-week-s-open-as-reddit-hordes-pile-in-again-1.1556977']overwhelmed with demand for bars and coins[/URL] on Sunday, with outlets such as Apmex and Money Metals saying they were [URL='https://www.wsj.com/articles/silver-prices-rise-after-online-attention-11612138731']unable to process orders[/URL] until Asian markets opened because of unprecedented demand for the metal. [*]"The Reddit crowd has turned its sights on a bigger whale in terms of trying to catalyze something of a short squeeze in the silver market," says Kyle Rodda, an analyst at the IG Markets brokerage in Melbourne. "The most important factor here is that silver is heavily shorted, the paper market is much, much larger than the underlying commodity can justify... There's a lot of commentary on these platform to pile in to the miners." [*]Some Wall Street analysts already had been positive on silver's outlook as part of a broad upswing in raw materials, with Goldman Sachs calling last week for a $30/oz. price target. [*]ETFs: [URL='https://seekingalpha.com/symbol/SLV']SLV[/URL], [URL='https://seekingalpha.com/symbol/SIL']SIL[/URL], [URL='https://seekingalpha.com/symbol/PSLV']PSLV[/URL], [URL='https://seekingalpha.com/symbol/AGQ']AGQ[/URL], [URL='https://seekingalpha.com/symbol/USLVF']USLVF[/URL], [URL='https://seekingalpha.com/symbol/SIVR']SIVR[/URL] [*]On watch will be First Majestic Silver (NYSE:[URL='https://seekingalpha.com/symbol/AG']AG[/URL]), which [URL='https://seekingalpha.com/news/3655496-reddit-crowd-takes-aim-at-silver']soared 30% during Thursday-Friday trading[/URL], and the likes of Pan American Silver (NASDAQ:[URL='https://seekingalpha.com/symbol/PAAS']PAAS[/URL]) and Coeur Mining (NYSE:[URL='https://seekingalpha.com/symbol/CDE']CDE[/URL]), which sported ~15% gains over the two days. [*]"Even a small shift in demand from cryptocurrency holders towards precious metals could have huge and potentially long-lasting implications for silver prices," Stuart Allsopp writes in a [URL='https://seekingalpha.com/article/4402339-slv-retail-interest-another-reason-to-be-bullish']bullish new analysis published on Seeking Alpha[/URL]. [/LIST] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
Top