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SimpleStacks
Jan 31, 2021 10:16 PM

The $SLV Squeeze? WSB Next Target! 2/1/21 Long

iShares Silver TrustArca

Description

Video breakdown on the SLV squeeze talked about in the WSB! What does the chart say, and what are your levels?
Comments
FieryTrading
Nice video, thanks for sharing
doso2222
I don’t think this is legit. Citadel is the 5th largest owner of SLV.
Seen some fake posts going around. Can you confirm?
Ayo_tuck
@doso2222 silver is undervalued
Ayo_tuck
@doso2222 not saying I know what the price should be buts it’s also sold out everywhere now as well even my jeweler can’t get his hands on it ... something is stirring the pot
ZaidZac
@doso2222, no way it is fake. Silver is still undervalued by a lot as the prices has been artificially depressed down. In fact, if you look closely , the puts of citadel is higher in SLV then calls. If the technical analysis makes sense while there is a rise in inflation, high demand for physical silver. The price will shoo up.
jonp1
As someone who follows the WSB, I can confirm that SLV IS NOT where people are going next... The only ones pushing SLV are bots and oddly "new" accounts; likely because of the very large position Citadel has in SLV. They're hoping to counteract the bleed they have on GME by convincing people the action is in SLV... But anyone who goes long in SLV is likely to be left holding the bag when they pull the rug to cover their losses.
tt10001
charts says, there are too many dummy out there
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