"r/WallStreetBets has seen exponential traffic with millions of new subs over the last week."
The article also noted: "This weekend, we noted r/WallStreetBets' next move could unleash the "world's biggest short squeeze" in silver.
One reader commented: "It would be hilarious if the Silver short squeeze causes big tech & industrial companies to panic from silver shortages, and they start taking massive physical delivery off Comex so they don’t have product shortages.Comex then fails to deliver the metal and is forced into bankruptcy. Can't wait until Monday!
"It was the one print everyone was waiting for, and here it is: silver futures opened up 7%, surging from $27/oz to a high of $29.095 following a weekend of speculation that the next big squeeze on WSB's radar is silver. And whether that's true or not, may no longer matter in a world where - as described below - there is virtually no physical silver to be purchased."
"So as silver approaches $30, keep an eye on major price slams, emerging either out of central banks who desperately need to keep precious metals lower, or the BIS itself, whose Benoit Gilson will have a busy day tomorrow."
