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Gold price dives to 4-month low on concerns of early Fed tapering

Gold price dives to 4-month low on concerns of early Fed tapering
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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Silver spikes as retail investors swarm biggest target yet

NEW YORK: Silver took center stage in the retail investor frenzy sweeping through markets, sending the precious metal to a five-month high and fueling a debate over the power of Reddit-inspired speculators to take on ever-bigger targets. ....

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Silver Spikes at the Week's Open as Reddit Hordes Pile In Again

(Bloomberg) Silver jumped to an almost eight-year high, extending a surge that started with the retail-investor frenzy sweeping through markets.Most-active futures rose as much as 13% to $30.35 an ounce on the Comex, the highest since February 2013. That followed a weekend buying binge that overwhelmed online sellers of silver coins and bars from the U.S. to Australia. BlackRock Inc.’s iShares Silver Trust, the largest exchange-traded product tracking the metal, recorded an unprecedented $944 million net inflow on Friday. Late Monday, CME Group raised futures margins by 18%, making it more expensive for traders to hold positions.Like the buying stampede in GameStop Corp. and other small-cap stocks that has captivated the financial world in recent weeks, silver’s initial advance can be traced to Reddit’s WallStreetBets forum. One post last week declared the metal “THE BIGGEST SHORT IN THE WORLD” and encouraged traders to pile into the iShares trust a ....

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"It's Been Nuts": Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30

"It's Been Nuts": Silver Surges Most Since Lehman Bankruptcy; Hits 7-Year High Over $30
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Silver spikes as retail investors swarm their biggest target yet

MONEYWEB
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Silver spikes as retail investors swarm their biggest target yet
‘As we evaluate the markets, it is difficult to know where silverâs price and demand will go in the coming day and weeks,’ Lewis said
By Bloomberg News
1 Feb 2021
09:31
Image: Nicky Loh
Silver took center stage in the retail investor frenzy sweeping through markets, sending the metal to a five-month high and fueling a debate over the power of Reddit-inspired speculators to take on ever-bigger targets.
Most-active futures jumped as much as 9.5% to $29.47 an ounce on the Comex, after a weekend buying binge that overwhelmed online sellers of silver coins and bars from the US to Australia. BlackRock Inc.âs iShares Silver Trust, the largest exchange-traded product tracking the metal, recorded an unprecedented $944 million net inflow on Friday. ....

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