Pan Am Silver News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The online army of Reddit traders have over the past week rallied to defend out-of-favor companies such as struggling videogame retailer GameStop and theater chain AMC Entertainment, defeating hedge funds that had bet the shares would fall by selling them short, in a stunning reversal of financial power transfixing Wall Street. The move into silver gained traction Thursday after posts on the “Wall Street Bets” Reddit forum urged investors to pile into physical silver, encouraging them to push the price of the metal up to $1,000. “Silver Bullion Market is one of the most manipulated on e...

Silver is surging but users on WallStreetBets say they’re not behind the rally The silver market is the latest flashpoint in the Reddit mania that took over Wall Street last week. Silver futures surged as much as 13% to Monday, touching eight-year highs. That follows a 6% rally last week when some posts on the WallStreetBets group on Reddit called for betting on silver as a way to hurt big banks they believe are artificially suppressing prices. Meanwhile, retail sites warned customers over the weekend they could not meet skyrocketing demand for silver bars and coins. The Commodity Futures T...