Loading ...Turn AG into another Gamestop. AG up 38% premarket on huge volume. The reddit guys are squeezing it!
First Majestic Silver Corp. (NYSE: AG): The stock surged on similar lines as SLV, with WSB users saying “Silver is probably the most (naked) shorted commodity on earth.”
“$AG is essentially $GME for Silver, highest short float in the sector, nice leverage to silver, and just broke out above 10 year resistance too,” a user said in a popular post on the subreddit.
iShares Silver Trust (NYSE: SLV): A Reddit post with 4,000 upvotes dubbed silver bullion market to be “one of the most manipulated on earth.”
“Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation,” the WallStreetBets post says, adding that inflation-adjusted Silver should be $1,000 and not $25. SLV closed 0.97% lower at $23.42 on Wednesday.