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Wall Street Rebounds As Small-time Traders Turn To Silver


Wall Street rebounds as small-time traders turn to silver
The CBOE volatility index eased on Monday from three-month highs that were fueled by a surge in shares of GameStop Corp, AMC Entertainment Holdings and others that burnt hedge funds which had bet against the companies.
Reuters
Source: Reuters
Wall Street s main indexes climbed on Monday following a steep sell-off last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors monitored progress in talks over economic stimulus.
The iShares Silver Trust ETF, the largest silver-backed ETF, jumped 7.2% as silver broke above $30 an ounce for the first time since 2013 with an army of retail traders storming into the metal after betting billions of dollars on stocks last week. ....

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Wall St. rebounds as small-time traders turn to silver - Netscape Money & Business


Wall St. rebounds as small-time traders turn to silver
By Devik Jain and Medha Singh
Reuters
(Reuters) - Wall Street s main indexes climbed on Monday following a steep sell-off last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors monitored progress in talks over economic stimulus.
The iShares Silver Trust ETF, the largest silver-backed ETF, jumped 7.2% as silver broke above $30 an ounce for the first time since 2013 with an army of retail traders storming into the metal after betting billions of dollars on stocks last week.
Silver miners Hecla Mining Co, Coeur Mining Inc and Wheaton Precious Metals Corp surged between 5% and 26%. ....

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