It looks like the Reddit guys have set their sights on silver, although it's a completely different market and the metal manipulators are worse sharks than the Wall St ones .... Silver is already up 2 and a half dollars this month ( around $30) which is striking because gold made no great strides this year and most times the ratios between them work together.
I think it's good because many trads, homesteaders and ραƚɾισts have secured physical silver as protection- it would be great to see it explode! Very difficult now for individual buyers to purchase physical silver at all because of the sharp rise in demand.
Careful!
The
industrial demand for silver is a mere fraction of what it was, say, 30 years ago; Namely, photographic film (the largest consumption by far), and electrical switching contacts (relays, switches, circuit breakers). We all know which bird the film followed, and a considerable share of switches/relays have gone solid state.
Silver still has intrinsic value, being of limited supply, but far diminished practical necessity. So it's ripe to become just another toy for capricious speculators.