[GoldCore TV] Silver Short Squeeze and the $1,000 Target – Reality Check!

  • What is Causing the Short Squeeze
  • What Will Happen Next with Silver
  • Why Physical Silver Wins Over Paper

A spotlight has been shone on the silver market in the past week as the result of a Reddit forum by the name of WallStreetBets. Following on from their followers driving the share of GameStop higher, they have now turned their attention to silver and are calling for a price target of $1,000.

In today’s live episode of GoldCore TV, I am joined by Dave Russell and Mark O’Byrne as we try to cut through the hyperbole and internet memes to explain what has happened in the silver market and how this might yet play out.

Click the video below to learn more…

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NEWS and COMMENTARY

Silver scales 8-year peak as retail blitz continues 

Silver surges as Reddit army targets precious metals 

Silver Coin Sites Seize Up as Buying Frenzy Takes Hold 

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

29-01-2021 1852.70 1863.80 1354.69 1357.78 1527.92 1534.28
28-01-2021 1839.65 1853.70 1348.65 1351.90 1519.92 1528.19
27-01-2021 1846.40 1843.00 1344.18 1347.05 1522.54 1526.56
26-01-2021 1853.20 1856.60 1356.73 1352.53 1527.22 1526.31
25-01-2021 1855.60 1856.85 1356.63 1359.03 1527.16 1531.34
22-01-2021 1853.60 1852.70 1357.21 1356.18 1522.36 1521.81
21-01-2021 1867.65 1862.10 1361.14 1356.35 1538.57 1532.14
20-01-2021 1854.60 1856.60 1354.23 1360.70 1530.42 1536.15
19-01-2021 1843.10 1834.70 1353.20 1347.59 1519.82 1512.89
18-01-2021 1833.95 1833.05 1354.19 1351.32 1520.71 1518.50

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Stephen Flood

Stephen Flood is the CEO of GoldCore. He is a former Wall Street equity trader and FinTech expert. He has been involved in the precious metals markets since 2004 and has appeared as an expert contributor on CNBC, CNN, BBC, RTE & Bloomberg TV and has had articles published in the Irish Times, Irish Independent and The Sunday Business Post.

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