After GME :Gamestop and AMC Entertainment, Silver Squeeze Next?

Rajat

1 hour ago·3 min read

As we all know by now, Gamestop Corp : GME Share Prices started off at $17.25 on January 4th 2021 and today at the time of writing this article, which is January 31st 2021 the price for same stand at $325 per share. This means that just within a month the share prices of this company have soared by a whopping 1700%. This means if you had invested just $100 in Gamestop Corp : GME on January 4th 2021, your profits would be a little over $15000.

Now, if you have heard of this massive increase in Gamestop Share prices you probably should know the reason behind this. Wallstreetbets, a reddit forum with more than 7 million members have been identified as the reason behind this surge in price which ended up causing halt to trading of GME on multiple trading platforms with Robinhood facing the backlash of retail investors the most.

The sides have changed now, usuallyHedge Funds and Corporate Investments make money most of the time and 70–80% of retail traders are known to lose money. But this time, things were different with all the retail traders coming together on the reddit forum wallstreetbets and turning the tables by causing this massive surge in price of Gamestop : GME this month. So, what is their next move?

This is where the latest trending on Twitter #SilverSqueeze comes in the picture. Apparently, Silver is one of the most shorted commodities and traders have assembled throughout different forums and this could possibly be the next big play with traders saying “supply is tiny and about to get squeezed”. Silver has already gone up 8% in just last 2 weeks, from $24 on 19th January 2021 to $27.5 and to finally settle at $26.9.