The easiest exposure is simply First Majestic. Or it could spike and dive unpredictably. It could run like mad, shooting silver up 5 fold.

Only participate if you can be glued to this story. We just donвЂ™t know yet whether thatвЂ™s likely or not.

Both of these points mean retail Reddit-ers will really have to stick to their silver guns to make this happen.

Silver sitting in vaults in London alone is worth $48 billion. Before Reddit jumped all over it GameStop had a market cap of $1.4 billion.

The silver market is much bigger than GameStop.

It also means thereвЂ™s big money that will be happy to sell into gains, to compensate for losses on the short side if nothing else. That means the principle doesnвЂ™t work very well.

Money managers play both side of the silver market and many are net-long today.

(itвЂ™s already looking to open at $29) and that if it gets past $30 the barriers will fall away and it will just go ThatвЂ™s big! And one can make arguments that thatвЂ™s enough to push the silver price above $30 per oz.

The Reddit crowd and its followers have by some estimates bought as much as 35 million oz.

In fact, itвЂ™s easy to make statements like вЂњthere is $11 billion bet short on silver at $30 per oz.вЂќ and they are true.

There are huge short positions in silver.

What will happen from here? ItвЂ™s pretty tough to know. BlackRock IncвЂ™s iShares Silver Trust, the largest exchange-traded silver product, recorded an unprecedented $944 million new inflow on Friday. Many bullion dealers stopped taking orders because of unprecedented demand and incredible price uncertainty. The weekend saw a buying binge that overwhelmed online silver vendors around the world. I commented on this briefly last week I said I didnвЂ™t think the Reddit crowd had the power really move the price of silver. First Majestic Silver (TSX: FR, NYSE: AG) was an early focus, and fair enough as it attracts as much or more shorting as any silver stock out there.Д«ut then they decided to go after the spot price. Moving the price of silver was actually a second thought. In fact, the Reddit crowd turned to silver because its immense shorting market offers potential to create, as the thread declares, вЂњthe biggest short squeeze in the world $SLV Silver $25 to $1000.вЂќ It made sense in that silver is a reasonably small market and one rife with shorters. It started on Thursday and Friday last week.

WhatвЂ™s going to happen? Silver price fireworks are a real possibility вЂ“ but are not guaranteed.Д«ackground: the Reddit crowd that pushed GameStop through the roof to (1) show hedge funds with publicly proclaimed shorts that retail has the power to stop their elitist and money-grubbing attacks on certain stocks or (2) make a pile of cash by getting oodles of retail to just pile into one stock or (3) some combination of the two have now shifted their focus to silver. There is so much to say about everything going on with Reddit and Robinhood and volatility and market tops and and andвЂ¦but I will save most of that for Wednesday and keep my comments to silver.

Biggest short squeeze in history