Tag Archives: Metal

GraniteShares CEO: Why silver may have staved off the GameStop effect

Silver may have staved off the worst of its speculative frenzy. The precious metal retreated from eight-year highs on Tuesday after Reddit-fueled traders set their sights on the metals market in Monday’s session, driving the price of silver up 8% in a day. But while retail traders may have been responsible for recent double- and […]

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 […]

Silver is the new GameStop: Metal’s price hits 8-year high from online movement

The price of silver is rallying as the online trading movement fueling the rise of unloved shares such as GameStop took a shine to the precious metal. Silver futures jumped almost 12% on Monday to more than $30 per ounce — an eight-year high — following strong gains over the weekend. On Twitter, #silversqueeze was […]

Silver Surges as GameStop Day Traders Move Into Other Assets – WSJ

The day traders are moving into commodities. Silver futures prices and shares of silver miners are climbing Thursday after a user in Reddit’s popular WallStreetBets forum posted about executing a “short squeeze” in the notoriously volatile precious metal. Most actively traded silver futures added nearly 6% to $26.82 a troy ounce, while U.S.-listed shares of […]

Silver is the new Gamestop: Price boosted by online movement – ABC News

LONDON — The price of silver is rallying as the online trading movement fuelling the rise of unloved shares like GameStop took a shine to the precious metal. Silver futures jumped more than 10% on Monday, after briefly rising above $30 an ounce early trading, following strong gains over the weekend. On Twitter, #silversqueeze was […]

Value of silver surges as Reddit army behind GameStop switches focus to metals

It all began as small-time traders revolted against large institutional investors that had placed market bets on GameStop’s stock that it would fall further. The volunteer army of investors on social media came together to call out short-sellers that seek to profit from the loss-making brands and trended #silversqueeze on Twitter. This content was originally […]