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6 Min Read (Reuters) - GameStop Corp shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets appeared to fizzle, at least for now. The videogame retailer’s shares, whose wild gyrations have made or lost billions of dollars for hedge funds and other investors in recent weeks, closed down 60% at $90. They are now worth less than a fifth of their high of $483 last week. Posters on the popular Reddit forum WallStreetBets, which was instrumental in fueling the rally, bemoaned the fall. "Our darkest hour,"...

02 Feb 2021 / 19:42 H. (Adds trader comments, details on U.S. pre-market movement) * GME down 30% in Frankfurt, down 23% in U.S. pre-market * Silver falls 8% from Monday's eight-year high * Robinhood raises $3.4 bln from investors in a week By Tom Westbrook and Thyagaraju Adinarayan Feb 2 (Reuters) - GameStop shares sank on Tuesday and a silver buying spree led by small investors subsided as a Reddit-driven trading frenzy that has shocked global financial markets over the past week started to show signs of fizzling out. The videogame chain's U.S.-listed shares, which have see-sawed in a dram...

Retail sites for silver have been overwhelmed with demand for bars and coins, suggesting the frenzy that roiled commodities markets last week is spilling over into physical assets.

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 ...

Silver Coin Sites Seize Up as Buying Frenzy Takes Hold Bloomberg 2/1/2021 Yvonne Yue Li and Eddie Spence © Bloomberg One-ounce silver coins sit on a one-kilogram silver bar at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold held its ground after a record-setting rally as investors awaited the outcome of a Federal Reserve meeting amid expectations policy makers will remain dovish, potentially spurring more gains. (Bloomberg) -- Retail sites for silver have been overwhelmed with demand for bars and coins, ...