Why Squeezing iShares Silver Trust Is Doomed to Fail
The Reddit group WallStreetBets had huge success in January, using its crowdsourcing power to send shares of GameStop (NYSE: GME) into the stratosphere. Already, many investors are trying to figure out where WallStreetBets will focus its attention next, and hints that the group might try to create a silver squeeze sent prices of the semi-precious metal sharply higher late last week.
Over the weekend, many tweets and messages suggested that iShares Silver Trust (NYSEMKT: SLV) could be the focal point of efforts to take the WSB movement beyond GameStop. However, there's a structural element involved with iShares Silver Trust that makes it almost impervious to a short squeeze -- and investors could find that out the hard way if they seek to use the same tactics they did with GameStop to send its share price higher.
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Source Fool.com
