Reddit investors drive up silver for the second day
Reddit investors drive up silver for the second day Bloomberg Silver jumped for a second day on Friday as the market remains on high alert after a call by Reddit Inc posters to create a short squeeze sparked sharp moves on Thursday. Silver for March delivery rose US$0.99 to US$26.91 On Thursday, silver miners’ shares spiked and the largest silver exchange-traded fund, iShares Silver Trust, saw a frenzy of options buying after the market emerged as a target on the Reddit forum r/wallstreetbets. The WallStreetBets forum on the Reddit Inc Web site is displayed on a laptop and the Reddit logo ...
Source: taipeitimes.com