Winchester

On the subject of newbies, I agree that it is positive however most of those newbies are the short-attention-span social media generation who want to get in on the action. Then they will see that their stack is just sitting there not doing anything over the next several months or so. Being impatient, they will "cut their losses" and sell for the next shiny thing that catches their eye.
Again, I've seen this happen before. Hopefully they will sell at $15/oz and I will have my checkbook or stash of cash ready... 
 

So, I'm getting the idea that the big banks conspire to keep silver stable because if it shot up real high a lot of people would try to cash in their paper claims and the banks couldn't cover those demands?
I won't comment on "shorts" because I still have a very muddled idea of that process.
I should explain more about me.........I have been buying a bit of silver (mostly old coins) over the years........ONLY because I have quite a bit of money that is just numbers on a computer and I want to have something physical in possession just in case the numbers on the computer vanish due to some horrific disaster.
So, I don't buy and sell and I'm not familiar with all the jargon and investment strategies.
I did, however, refuse to buy when the price went up.......because the predictions of huge increases seemed bogus.
That decision was based more on instinct than actual knowledge.
Thanks for the info.

Silver has possibly entered into a bull cycle anyway and this was just some plan to push it before it's ready.

Ok so here goes..... Lots of talk of trying to do to silver what was done on GME by the Redditt forces and cause a short squeeze... pushed up a little and now back to where it was previously. many commentators were trying to say $1000 an oz by tomorrow, then reality struck... it was two days of madness and now normality back.