Silver – Seven Reasons it is Still Set to Soar

by Stephen Flood

Despite the stalling of the #silvershortsqueeze, is silver still set to soar?

The social media induced bump in the silver price fizzled almost as quickly as it began. The buzz around the white metal came after social media turned to silver as the next short squeeze. The #silversqueeze meme started quickly trending on twitter and the story made it to the front-page headlines of major newspapers, such as the Wall Street Journal. The price shot 15% higher at the start of trading on Monday to a new eight year high before sliding back throughout the trading day Monday and Tuesday to nearly were it started the week.

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