Silver’s looking shiny as the Reddit peasants’ revolt against Wall Street turns to the metal in the hopes of forcing the price up and burning some more hedge funds’ fingers by so doing.
Accomplishing the sort of “short squeeze” they pulled off with GameStop, the retailer that kicked off this extraordinary story, would seem to be much harder for the followers of WallStreetBets and similar forums.
We’re talking here about a global market worth hundreds of billions of dollars, orders of magnitude larger than that in an individual stock like GameStop – which has surged to levels far above even the most optimistic assessment of the struggling computer game retailer’s fair value.
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