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NA Proactive news snapshot: American Resources Corporation, PharmaDrug Inc, Predictiv AI Inc, CO2 GRO Inc, Maverix Metals Inc, O3 Mining Inc, MGX Minerals Inc, Recruiter com Group Inc, Dyadic International Inc, Silvercorp Metals Inc, NetCents Technology I

NA Proactive news snapshot: American Resources Corporation, PharmaDrug Inc, Predictiv AI Inc, CO2 GRO Inc, Maverix Metals Inc, O3 Mining Inc, MGX Minerals Inc, Recruiter com Group Inc, Dyadic International Inc, Silvercorp Metals Inc, NetCents Technology I
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Why these ASX silver shares are surging today

Why these ASX silver shares are surging today Sebastian Bowen | February 1, 2021 1:16pm | More on: Last week, GameStop Corp(NYSE: GME) shares were in the news. But as we kick off a new week, some investors are focusing on another investment that’s currently kicking up a storm. Yes, silver shares are the talk of the ASX town today. Why? Well, as we reported earlier today, the now-famous Reddit group WallStreetBets has been bouncing around the idea that a short-squeeze could send the price of the precious metal to more than US$1,000 an ounce. According to Bloomberg, silver is up 6.64% today to US$28.70 an ounce. That’s up around 13% since 27 January, when it was priced at around US$25.40 an ounce.

Retail army fires silver miners higher

Retail army fires silver miners higher Feb 1, 2021 – 5.58pm Share Calls on Reddit, Facebook, and Twitter message boards over the weekend to buy silver and squeeze short-sellers helped send spot silver up 6.7 per cent on Monday, another landmark day of social media-driven trading dislocating asset prices and threatening more havoc on Wall Street. The Reddit phenomenon swept Australian silver miners higher and the commodity price to $US28.85 an ounce. Manuka Resources was up 31 per cent, Adriatic Metals 19 per cent, and Silver Mines Limited 49 per cent. Tribeca’s Ben Cleary: “Silver is a much bigger, more liquid market than the stocks.”   Mark Kolbe

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