Tag Archives: mining

Silver catches GameStop retail frenzy, prices soar | Toronto Sun

Article content continued “The Reddit crowd has turned its sights on a bigger whale in terms of trying to catalyze something of a short squeeze in the silver market,” said Kyle Rodda, an analyst at brokerage IG Markets in Melbourne. “This is their big, bold Moby Dick moment,” he said. The popularity of dabbling in […]

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 […]

‘Stunned’: GameStop trading frenzy causes local mining company shares to soar

A tiny West Australian mining company has been caught up in the investing craze surrounding US company GameStop thanks to its ASX code matching that of the American video game retailer. GME Resources, which is listed on the local bourse with a market capitalisation of just $40 million, is a mining company focused on nickel […]