Wall Street Bets Looking At Silver Now After Gamestop Gains

Well a utube this morning said APMEX is not selling silver since Saturday ,I checked and they weren't .Now I can't even get on APMEX's site

Yea buying during a mania with no clear value or growth proposition to justify the mania is generally not going to work out for you.

If you were looking to get out, this may be a chance. When to get out and where the top of the mania is, who knows though.

I wouldn't buy either.

Personally I am just holding my stuff, but enjoying watching this play out. Tomorrow is going to be very interesting.

Here in Australia I've noticed that the junk (.500 and .925) silver on ebay mostly sells at a premium to its silver value and there is nothing at a reasonable BIN price (well there was one lot of .500 with 5oz ASW at $150AUD, so 114 USD that was snapped up just after listing, luckily it was me that saw it first). Always nice to add to the stash.
$100 silver could happen this year, but that would be due to inflation/QE/dollar collapse etc and not due to a great economy. I have sympathy for those on Reddit that are trying to crash the stinking insiders system, but I fear the post crash society will be even less nice than now.

As someone whose wave purchases of silver in April 2011 (bought something like 5+ ounces in ASW that month, much of it on the very last days of the wave) had not been surpassed in sheer amount for many years, I'm wary of buying at a wave. Let silver go below $20 (...OK, maybe $25, because otherwise I might end up waiting for decades), then I would buy, outside of fringe cases like building up the 7070 (and even then I couldn't afford many of those types at $100 silver).

That said, now I'm actually sad about not buying any classic commemoratives while I still could. No way they'd be within my budget again. Or, at least, not unless I start earning something ridiculous like a thousand dollars per month (and possibly not even then).

Like with all other investment ideas long or short, they collect all the data and info and try and make an educated guess and then bet.

They might have thought, Game Stop stores are in malls, the traffic in malls is basically zero, so no business for Game Stop. They look at debt. Maybe GME has a lot of it and has a big balloon payment pending or is scheduled for debt refinancing with a crumbling balance sheet. They look at who holds shares. Is there a Bill Gates (MSFT) or Zuckerberg (FB) character out there that is a strong holder of a lot of stock. How's the balance sheet? Are they making money? They probably thought it was another Blockbuster Video in the making. Another short target was Blackberry. A little easier to see why short sellers picked out that company. Remember not too long ago how big a market share they had ....until they didn't?

FWIW, Gamestop was targeted by the Wall Street Bettors, because the shorters have shorted 140% of the entire stock issued by Gamestop.

He who sells what isn't his'n
Buys it back or goes to prison

Gamestop's plight piques my interest because I worked for a company that went bankrupt in 2009. As the stock headed down, I bought some, unable to conceive how I could lose money. What I didn't understand was how heavy shorting accelerates the slide in stock value. Unlike Gamestop our stock never got any bounce in value.....straight to the bottom....