Retail investors send silver soaring to eight-year highs. Why it may not be a GameStop repeat – MarketWatch

Spot and futures silver prices jumped 11% on Monday morning in London, as retail investors extended their enthusiastic buying from the metal to mining stocks and online dealers.

The outlook: A GameStop
GME,
+67.87%

repeat may not be the most plausible scenario. The size of the world silver market doesn’t compare to the tiny GameStop market capitalization, and most banks shorting silver do so to hedge their physical ownership of the metal — not because they bet on falling prices. 

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