If you’ve been around investing forums or followed market headlines, you’ve probably heard about “short squeezes” dramatic price surges driven by retail investors buying up stocks that have been heavily shorted. The most famous example is GameStop, where hedge funds were forced to cover short positions at skyrocketing prices, leading to massive losses on their side and massive gains for early buyers. But what happens when people try to apply the same strategy to commodities like silver? It doesn’t work the same way and here’s why.