Silver jumps 11%, the most in 11 years as Reddit traders try their squeeze play with the metal

Silver jumps 11%, the most in 11 years as Reddit traders try their squeeze play with the metal

The spike in demand for silver appears to be related to retail traders in the Reddit forum WallStreetBets, which has helped drive trading activity in heavily shorted stocks like GameStop and AMC Entertainment in recent weeks.
February 1, 2021 0 Comments
Silver Eagle Sales Explode During First Two Weeks In January

Silver Eagle Sales Explode During First Two Weeks In January

With the continued disintegration of the economic and financial system in 2021, investment demand for physical precious metals continues to be strong.  After the U.S. Mint posted a stunning 2.7 million Silver Eagles sold during the first week in January, they just posted another update, which already blew past last year’s figure by a wide margin.
January 28, 2021 0 Comments
What 2020 Signals about Gold and Silver in 2021

What 2020 Signals about Gold and Silver in 2021

But the best performing precious metal for 2020 was silver, up 46.8%. It even outperformed the tech-heavy Nasdaq, home to many stocks that benefited from the virus fallout.
January 7, 2021 0 Comments
Silver Shines, Says Citi, Tipping A 60% Price Rise

Silver Shines, Says Citi, Tipping A 60% Price Rise

But the bank does not stop at a 605% silver rally. It also argues that there is a technical case for silver doubling $50/oz, and potentially rising four-fold to $100/oz.
December 18, 2020 0 Comments

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