Silver Thread: what is really going on

This is a thread to explain what the goal of the redditors is.

Silver is a hard asset, meaning it is real and tangible. it cant be created out of thin air, like cryptos or stock and bonds.

Therefore how a short squeeze works, is different from a stock.

many people have said it is trap, or citadel is recouping loses, etc. etc. etc. This isnt true.

you have to remember that silver is real and physical. keep that in your mind.

when you buy a coin from a silver dealer you are paying a premium to have it in your hand right now. so if the spot price is $25, you might pay $30 and you get the bonus of leaving with it right now. But, you buying it right now, depletes the REAL physical supply.

SLV is an ETF for FUTURE delivery (30 days from today). that means they have to have the PHYSICAL to match every contract bought. Because if you want to take delivery of the actual metal they have to have it available. THIS is the catch. most of the time the SLV doesnt have the actual metal. They have to go buy it from someone to match the number of contracts. So 30 days from now when people want their metal if the SLV doesnt have it. one of a few of things will happen...

1. they will bid the price up until someone sells the metal to them (moon shot silver)
2. they will fold like a cheap suit because they cant get the metal
3. they will cash out in dollars to anyone holding a contract.

the last 2 basically end the system

Either way buying an actual coin at a shop or buying SLV will eat up all of the available supply putting the big boys in a HUGE bind. But we won't find any of this out until the next delivery date.

to give some perspective, on thursday over 1 billion ounces of silver were allocated to the market. There are only 800 million ounces mined in a YEAR.

so more silver contracts were issued IN ONE DAY then is mined in an entire year.

there is no way to cover this with real metal.

Huh? Who's shilling who? Looks like you are the shill. OP is simply explaining how simple it is for the REDDIT gang to hold out for delivery..

The /r crowd has better each own 50,000 shares, if they want physical delivery.

I believe that's in SLV's TOS.

Even then, I think they can just tell shareholders to fuck off, and throw BennyBux at them in lieu of delivery.

Like COMEX.

Can someone explain to me why having to pay twice the price for Physical Silver then paper silver is legal?

How can an IOU for 1oz of silver be cheaper than 1oz of silver especially when you have to pay the security and storage for the 1oz of silver that you owe me?

Ur shilling deluxe. Silverprice is lowest its ever been in human history (compared to M2, amount of money in existance).
Pumping silver would not only break hedge funds. It would break entire BANKS.

So, who paid you to post this shit? JP morgans? Bank of America?

[link to i.imgur.com (secure)]

yes it would break the banks. including JP Morgan, and Bank of America. Why would they pay me to shill this post? are they suicidal?

Today we witnessed the biggest gap between physical silver and paper in history.

If this continues, and there's every reason to suspect it can, paper silver will get hurt.

But the biggest event of all will be when dealers start paying well above spot for scrap. Then paper will be finished unless they let the spot rise.

In such a scenario all the paper in the world won't have any impact on spot prices.

yes it would break the banks. including JP Morgan, and Bank of America. Why would they pay me to shill this post? are they suicidal?

5min browsing of /wallstreetbets and you realize that literaly no one on Reddit is buying silber.

correct. They are campaigning against it because they want the money to go to GameStop.

Buying physical metal. Or buying for a cause. hmmm. decisions!