Rafi Farber: Two Years Since SilverSqueeze, and Breakout Imminent

Exactly two years ago, thanks to sound money warriors, physical silver ownership exploded into the public consciousness. Silver prices have been in a downtrend, but that downtrend appears to have finally been broken this week.

Silver Squeeze has succeeded in draining 120 million ounces of registered silver off the futures market. This silver comes in 1000oz bricks, so where are those bricks actually going? A survey of the Comex vaults shows that a lot of the stuff is actually headed into Individual retirement accounts, AKA IRAs. In other words, wholesale stackers.

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