Tag Archives: Gamestop

Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30

‘Global Insurrection Against Bankers’

#SilverSqueeze

In a situation similar to last week’s mad rush short squeeze on GameStop stock that caught the “Wall Street big boys” with their pants down, a similar Main Street buying insurgency is focusing on silver–the price of which many contend has been suppressed for decades.

ZeroHedge reports:

It’s been a long time coming, but for precious metal fans the day of joy has finally arrived: following a coordinated campaign to buy both silver ETFs in the paper realm and precious metals in the physical, which over the weekend which left virtually US precious metals retailer with little to no physical inventory, silver has finally exploded higher following in the footsteps of other “most-shorted” names, and it was last trading just around $30/ounce, soaring by 11.5% – its biggest one-day jump since Sept 16, 2008 – the day Lehman filed for bankruptcy. And, if silver closes here, it would be the highest price since early 2013.

Continue reading Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30