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IShares Silver Trust, the short-squeeze target of retail traders on Reddit last week, slumped more than 6 per cent.

Read more about After GameStop, Wall Street gears up for second bout against Reddit traders on Business Standard. Some of Wall Street's largest hedge funds are still licking their wounds after retail traders sought to drive up the prices of stocks that were heavily bet against

Goldman Sachs noted that the current short squeeze is the worst in 25 years, while Barclay’s analysts don’t see raised concerns of broader contagion.

ON Tuesday, Haris (not his real name), a 35-year-old architect in Malaysia, told some of his friends to consider buying into a little-known US-listed stock. His pick was GameStop, a loss-making brick-and-mortar video game retailer.

Jan 29, 2021 22:57 GMTFXStreet News Major US bourses dropped on Friday as investors fret about the fall-out of the recent retail trader induced frenzy on financial stability. The S&P 500 and Dow both erased their gains for the year. It was an ugly finish to the week on Wall Street with all three major indices dropping and no sector spared from the selling pressure; the S&P 500 dropped back to the 3700 mark, down 1.9% on the day and 3.3% no the week, the Dow Jones Industrial Average dropped back to the 30,000 level, also down 1.9% on the day and 3.3% on the week, while the Nasdaq 100 dropped 2...