by Craig Hemke
Sprott Money
It has been four months since the #SilverSqueeze movement began on Reddit and Twitter. While it’s difficult to quantify the impact this is having on the digital derivative price, there’s no doubt that there have been major implications for the physical market.
Before we begin, it’s important to understand that the #SilverSqueeze effort is unrelenting. There are now over 82,000 Reddit users subscribed to the Wall Street Silver page, and another physical buying spree is planned for Wednesday and Thursday of this week. There are some who state that the price impact has been minimal, and I suppose they’re correct when they only use the COMEX price as a reference. But, for today, let’s ignore the digital derivative price. What about the physical market? What impact are the “silverback apes” having there?