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…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Teenager charged in connection with deaths of West Lothian couple

Man, 19, charged after Denis and Mary Fell were found dead at…

20 arrested after Rangers fans march in central Glasgow

Three police reported injured after crowd gathered to celebrate title win despite…

‘Anything could happen’: Gaza Strip left hanging while Israel plots response to Iran’s attack

The strikes ordered by Tehran may have bought Palestinians some time ahead…