The most actively traded silver futures climbed over 10% to $29.70 a troy ounce, its highest level since February 2013, as per the WSJ.
The precious metal has gained in recent sessions after users on Reddit’s WallStreetBets forum posted about executing a “short squeeze” similar to ones credited with fueling recent gains in other stocks such as GameStop and AMC. That suggests individual investors are taking on hedge funds that are betting on silver prices falling.
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