On Monday we wrote about the WallStreetBets (WSB) reddit group orchestrating a short squeeze on the silver market. We discussed at that time the various reasons and sheer scale of the short positions in the silver market and questioned the ability of WSB to move such a big market compared to say GameStop (GME). With hindsight now, the squeeze did indeed see prices rise significantly and now retrace over half of that gained, still up around 4% from when news broke. This has many asking ‘where to from here?’.
