by John Adams
John Adams Economics
In the opening weeks of 2021, the global silver market has captured the imagination of millions of people around the world buzzing alive with dramatic activity.
On the heels of the dramatic short squeeze of American entertainment games retailer Game Stop which saw the share price explode from $US 17.69 per share on 8 January 2021 to $US 483 per share on 28 January 2021, focus shifted towards the silver market as retail investors published several posts on the Wall Streets Bets (WSB) reddit group highlighting the opportunity for a dramatic short squeeze in the silver market.
Such were the dramatic flair of such posts, that members of WSB suggested that collective action that targeted the silver market could drive the price of silver up from $US 25 per ounce all the way to $US 1,000 per ounce representing a potential astronomical return of 3,900 per cent.