Silver Market Jitters Are on Display After Reddit Options Frenzy
Reddit Investors Piling Into Silver Drive Up Prices a Second Day Bloomberg 1/29/2021 Eddie Spence and Yvonne Yue Li (Bloomberg) -- Silver jumped for a second day as the market remains on high alert after a call by Reddit posters to create a short squeeze sparked sharp moves on Thursday. Spot silver rose as much as 4.3% as prices resumed an earlier climb after dollar gains eased. Silver futures increased as much as 7.1% on the Comex, and gold prices advanced. On Thursday, silver miners’ shares spiked and the largest silver exchange-traded fund, iShares Silver Trust, saw a f...
Source: msn.com