by Adam Hamilton
This past week’s silver-market action has been extraordinary, wildly unprecedented. Incredible torrents of capital deluged into the world’s dominant silver exchange-traded fund. That came right after attempts to organize small traders to engineer a silver short squeeze on Reddit’s famous wallstreetbets forum. While that group’s apparent silver foray was fragmented and internally controversial, their buying power can’t be denied.
I’ve been a big Reddit fan for about a dozen years now, following and moving between various topical subreddit forums as my interests change. No matter what you’re passionate about, there’s probably an active Reddit community maintaining intelligent forum chats on it. I can’t count the number of times I’ve had some technical challenge on something, Googled for solutions, and found them posted on Reddit.
And apparently virtually everyone likes Reddit, as Amazon’s Alexa Internet ranks it as the 7th-most-visited website in the US!