Business
GameStop traders pour into silver, sending price to highest level since 2013 – ABC News
The price of silver breaks the $US30 an ounce mark for the first time since 2013 as an army of retail traders storms into the metal after betting billions of dollars…
The price of silver has broken the $US30 an ounce mark for the first time since 2013, as an army of retail traders have stormed into the metal after betting billions of dollars on stocks last week.
Key points:
- The small-time investors are scooping up assets big fund managers have bet against
- They have already driven a 1,600 per cent rally in the shares of video game retailer GameStop
- The price of silver has now leapt more than 11 per cent to its highest since 2013
Organised in online forums and traded…
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