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Why ASX silver shares like Silver Mines (ASX:SVL) are falling today – The Motley Fool Australia
Why are ASX silver shares like Silver Mines Limited (ASX: SVL) falling today? It appears the WallStreetBets glasses have fallen off…
The S&P/ASX 200 Index (ASX: XJO) is having a top day today. At the time of writing, the index is up a respectable 1.05% to 6,733 points. But one sector is not joining in on the party today. That sector is ASX silver shares.
Yesterday, we looked at why ASX silver shares were rocketing for a seemingly strange reason. That turned out to be an alleged attempted short squeeze on the silver market that was initiated by the now-famous Reddit group WallStreetBets.
The idea behind this ‘short squeeze’ attempt…
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