(Kitco News) – Silver is back in the spotlight. After gaining more than 40% over the past 12 months and trading above $34 an ounce, silver is again the focus of a coordinated grassroots movement – this time dubbed “Silver Squeeze 2.0.”
The online campaign, which is gaining traction across social platforms like X, is calling for a collective buy of physical silver on March 31 to challenge what supporters say is a “manipulated” paper market. The strategy recalls the 2021 Reddit-driven silver squeeze, though this time, investors are citing tighter supply, elevated lease rates, and an overheated paper-to-physical silver ratio as reasons to believe the setup is different.
There’s about 223 million silver ounces that are net short right now. That’s about 25% of the annual mine supply,” said Peter Krauth, author of The Great Silver Bull and editor of Silver Stock Investor, in an interview with Kitco News. “If you look at the ratio of paper silver to physical silver, we’re seeing something like 378 to 1– well beyond any other futures market for metals.”
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