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SLV

Which silver stock? $AG or $PSLVAG and PSLV are both popular silver stocks that more or less track the spot price of silver. PSLV cannot be shorted as each share is backed by 1/3 of an ounce of physical silver. Meanwhile AG can be shorted, so let's look at this chart of AG/PSLV to get an idea of what short sellers are up to. At the beginning of the month it looks like short sellers got scared after the wallstreetbets headway with GME, and the rumors of setting their sights on silver. You can see the spike in the chart where the shorts relinquished their positions, sending a spike up on AG. Afterwards talk of silver was basically banned on wallsteetbets and short sellers moved back in. Now that the spot price continues to show massive support, the AG shorts seem to be sluffing off again. I'd say they're both great buys, and AG might see more upside movement in the short term. But will AG paper silver survive the squeeze as comex fraud is exposed? In that case PSLV might be the safer bet. Note you will need something like 30k shares to take delivery from PSLV, but at least it is an option and will more likely retain it's stock value in the event of a major unwinding of derivatives. This is not financial advice.
NYSE:AGLong
by greenvention
6
Gold is hated and I never liked it more.The weekly chart of gold is a giant cup and handle, looking extremely bullish. There is a double bottom that printed on the shorter term charts which is a good sign. Everyone hates gold right now which is a good sign it bottomed, similar to BTC at the 3k levels last bear market. Money printing is still continuing at a rapid rate so it's just a matter of time before gold busts back into its all time highs and people start to like it again.
AMEX:GLDLong
by XeroCrypto1
6
HEX is smashing it up versus SILVER, I think the trend continuesCRYPTOCURRENCIES ENJOY NETWORK EFFECT OPERATE 24/7 365 SLV CAN ONLY BE TRADED 32.5 HOURS A WEEK. VERSUS 168 HOURS WHEN IS THE LAST TIME YOU VISITED YOUR FAVOURITE RARE COIN DEALER. YOU CAN'T EVEN BUY GOLD AND SILVER IN MY TOWN, LET ALONE TRANSACT IN IT. EVERYONE CARRIES A SMARTPHONE... HOW CAN THESE TRADITIONAL STORES OF VALUE ITEMS COMPETE WITH CRYPTOCURRENCIES. SHORT ANSWER THEY SIMPLY CAN NOT! HEX YIELDS 37% APY IF LOCKED IN A CONTRACT FOR A 5.6 YEARS THIS RATE AND AND AVERAGE STAKER LENGTH, DYNAMICALLY CHANGES ALONG WITH THE BEHAVIOUR OF THE USERS.
HLong
by BallaJi
3