Turn on any news outlet over the past week or browsed the internet sphere, you couldn’t miss the news about how the Reddit community catapulted Game Stop to an unprecedented stock price. This small retail investment community figured out that wall street hedge funds held more short bets on Game Stop than the number of outstanding shares. Small investor vigilantes decided to pool their buying power in an effort to crush these hedge funds. They started franticly buying shares of Game Stop. This caused the stock to experience a meteoric rise from 4$ a share to over $300 a share in a matter of a few weeks. Consequently, their actions caused several big wall street hedge funds to loose billions of dollars and fall into bankruptcy.
The power the Reddit community has conjured up in the overall stock market is amazing. After discovering their newfound collective strength-in-numbers power, the Reddit community has now targeted the short sellers in the silver market.
Precious metals investors know that the silver market is one of the most heavily shorted markets in the world. Most are aware that JP Morgan Chase Bank holds the largest short position in the silver market. Now Reddit users want to crush JP Morgan Chase and have started a campaign to buy physical silver. This caused the silver price to rise sharply this week. Will silver be the next Game Stop? Don’t miss the opportunity to own physical silver bullion before it is too late. Join the Reddit community and help crash JP Morgan Chase by buying physical silver bullion.