Prices of precious metal surges after thousands of Reddit posts and hundreds of YouTube videos encourage small investors to buy
Silver prices surged to a five-month high on Monday, silver-mining stocks leapt and coin-selling websites were swamped as small-time investors piled in to the metal, the latest focus of a retail-trading frenzy that has set financial markets on edge.
Silver has become the latest asset to surge after the GameStop frenzy, when Redditors drove up the share price that big fund managers had bet against.
Continue reading...source https://www.theguardian.com/business/2021/feb/01/redditors-set-their-sights-on-silver-after-gamestop-frenzy
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