Did the squeeze happen?

         Remember the whole GameStop hype and the rumors of the "silver squeeze"? What happened to the silver price since then? Not much. In fact, it has dropped a bit. Here's a chart from Xe.com:

         While there hasn't been any impressive price action, I can't say the same for the inventory. When I tried to get some silver like I usually do last month, there wasn't much available.

         Most of the typical items under 5 ounces were gone. What remained were pricey stuff most people wouldn't spend their money on. I mean, I'm not the type to buy a brick of silver. It's a bit pricey and it would be somewhat difficult to get rid of or use. And 10 grams of silver? How about no?

         There were some cool collectibles, but I prefer to stay away from them unless they are closer to the spot price. In hindsight, that silver top did look appealing.

         Of course, instead of waiting for the availability alerts, I combed through APMEX. Here are some of the silver rounds and half ounce-bars I picked up.

         It felt like going through the clearance aisle at the grocery store. I've only managed to pickup a few half-ounce bars. Those were the last of available silver under 5 ounces at the time of purchase. Then again, I can't verify if that was the result of the market actions or internal manipulations.

         A month later, the inventory still looks dismal, but at least I can grab some one-ounce bars with no problem. Stay tuned.

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