Silver Spikes to 8-Year High of $30: ETFs to Ride the Rally Zacks.com 2/1/2021 Silver has been on a tear lately with its price climbing to $30 per ounce for the first time since 2013 in a Reddit-fueled frenzy. Reddit’s WallStreetBets forum declared silver “THE BIGGEST SHORT IN THE WORLD” last week, encouraging traders to pile into the grey metal. Popular Searches The social media, including thousands of Reddit posts and hundreds of YouTube videos, made calls to buy the metal and emulate the frenzy that drove up shares in the U.S. video games retailer GameStop GME by 1500% in just two weeks. Per Gregor Gregersen, founder of Singapore-based dealer Silver Bullion Pte, “the demand for physical silver is unprecedented, broad-based and deep with record number of orders as well as new record size orders over the past 24 hours.” Coin-selling websites also reported unprecedented demand and flagged delays in delivering silver.