After yesterdays craziness with the #silversqueeze things are settling back to normal in the silver and uranium markets. Ho-hum. And what have we here? Is crypto catching a bid? Bitcoin is at $34,964 as I type this – interesting… we did see Canaan ($CAN) one of our new kinetic rockets and our crypto play move higher.
We’ve been huge fans of silver for years now, so it goes without saying that we were very intrigued by #silversqueeze trending on Twitter over the weekend.
Today during my lunch break I went down to my local coin shop to see what all the fuss was about. The parking lot was full, but there were only a few people in line outside the building. I called the phone number listed on the sign and eventually got to a live voice. She took my name and phone number, and I received a text a few seconds later. I was #37 in line and my estimated wait time was 4.5 hours!
OK, things were getting a bit more real. I went to McDonalds for some lunch, and then went home and jumped on Apmex.com. Silver Eagles were selling for $41 each – a $12 premium over spot!
Ultimately I decided to skip the line at the local shop and buy a few online for an outrageous premium.
If you are wondering if the #silversqueeze is real, it is.