They'll need to buy a lot of Silver to squeeze that market! Still nice 10% move in 2 days. Be careful with Silver, it is very volatile, in fact I believe he has the highest ATR of any US futures contract. Three weeks ago today, Friday 8th, it had a $2.80 daily range which was equal to a 10.9% move in 1 day! $28 is the short term high (6-Jan) $30.35 is medium term high (August)

Edit: and remember SI (5000 oz) and SIL (1000oz - micro) are both physically settled, QI (2500oz eMini) is financially settled

Agree. Jan expired this week. There is a Feb21 contract but nobody trades it unless you want to go to delivery - the first notice day on Febs was also this week. So yes, we have a month before you need to worry about delivery on the March contract, which is by far the most liquid contract. (92.5% of COMEX Silver volume was in March yesterday).

Re: Silver Stocks I will try and look. Not sure if the exchange publishes warehouse stock data, as anything in a warehouse is outside of the exchange system. Will see.

Wish Gold would jump 10%. Own a lot more Gold than I do Silver. As I type Bitcoin is also up 14%! (And platinum nearly 4%)

"However, Citibank has been the biggest proponent of silver. The bank said the metal could reach the price of $US40/oz silver within 6-12 months or even peak to US$50/oz-US$100/oz based on the bank’s technical analysis.
“We see the investment-led deficit in silver continuing in 2021, with the call on silver stocks driving prices up to US$30/oz over the next 3-4 months and up to US$40/oz over the next 6-12 months,” the bank analysts wrote in a note.
[B]“Since the case for silver is in part dependent on investment demand, some portion of the investment community looks at the market’s technicals. It is worth noting that the Citi FX technical team is very bullish silver, with US$50/oz a very realistic target and US$100/oz possible.”
The bank expressed its bullishness on silver following Goldman Sachs’ advice to investors to sell the USD and invest in silver instead.

If you have a look to let's say COMEX or Barchart, you will notice that some contracts (depending on the commodities) have low volume. For this reasons there are contracts I do not even have a look at
eg SIG21 (Jan): yesterday's volume: 32 contracts
SIH21 (March, FND 28 Feb) the one I'm into, yesterday's volume: 182496 contracts
SIJ21 (April): ...0 contract
SIK21 (May) the one I will roll over to FND 'see previous mail): yesterday's volume: 10416
etc

By replying to Mike on the main topic of wallstreetsbets, I read again the content of in my first link: 'thehappyhawaiian" was saying:
"- going long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so. But if you simply settle for cash you are actually part of the problem. We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take delivery"

"Part of the problem"? On this part I totally disagree. I am in Europe sure, but in Europe, physical delivery of commodities traded for an individual trader (not a professional one) are something from the past. It does not happen anymore. I said it earlier. Each one has to check the information from his/her own broker but usually they close automatically your opened position the FND or sometimes a couple of day earlier (it happened for some specific WTI contracts in February!!!).

2nd I completely disagree with this quote as well, simply because the more long contracts of futures or micro futures are bought, the higher the price will go and the higher the pressure will go for squeezing the shorts....they will have to close their positions by buying long contracts or the holder of naked call options will have as well to buy long positions to balance their losses.

If someone still understood it differently after this obvious rationale, please explain me...
I posted on the other topic but you can see that there is room on the COT for more net positive contracts for managed funds and more net negative contracts for commercial just in comparison to one year ago... Note: the other point in red the open interest. It is relatively low, which means that there is room for the OI to go much higher which will probably be related in this case with increase interest and higher prices...

SMJB for the physical ETF what I look at is: physical "redeemable" if it is the correct term, I have to check: meaning if you are rich enough the possibility of getting back the bars of gold or silvers on demand etc. If you are not rich enough the possibility that this can happen is anyway a good sign. For me this is also part of the definition of physical. 2nd the custodian part 3rd the reputation of the custodian. As I said I am in Europe so I didn't investigate some other place, but some of custodian banks have their vaults in Switzerland or London. I prefer where it is in Switzerland. My physical ETF are managed by ZKB Zurich Kantonal Bank (originally ETFs from Julius Baer bank). So do you research...

PS I am in the same situation than you from the 50% of my portfolio allocated in Precious Metals, I own more gold (approx 50%) than silver (approx 29%) and Gold Miners (21%) in my portfolio. 10% of my portfolio is indirectly linked to mainly Copper but of course other metals or PM (ETF basic resources , Anglo American and Rio Tinto).
For Platinum, currently I trade only with Futures, I liquidated my previous physical ETF almost 2 years ago with some losses after 3 years of holding.