I see SLV was up over 5% yesterday. If it breaks out above 27 I may buy some to see if the Reddit rabble have any clout. Remember JPM has forever been able to control this market when it gets out of hand.
And, we should be careful what we wish for. Markets do not exist for online revolutionaries to overthrow them. They caught the system off guard with GME but driving silver up over $100 an ounce will disrupt the solar industry just as the new president is touting his backing of the same.
The retail price of a solar panel is roughly 60 cents a watt. The silver content accounts for about 5 cents of that 60 cents. If silver goes to $100 a solar panel will increase in cost by 25%. If silver goes to $300 an ounce the cost will double. My point is, it will be very disruptive.
I read a few posts at wallstreetbets/silverbugs and the call-to-arms to take down JPM will not read well in court if they actually accomplish this feat. I suspect what will actually happen is that they'll drive the price up a fair amount and JPM with help from the federal printing press will short silver until people tire of losing money and Ted Butler will go to his grave tilting at the JPM windmills.
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