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Resources Top 5: Reddit buying power forces silver to 6-month highs, stocks rocket – Stockhead
Silver market could be the target of a ‘GameStop-style’ short squeeze, with dealers running out of physical silver Aussie stocks TMZ, EQE, SVL, ARD and IVR fly…
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Heres your top ASX small cap resources winners in morning trade Monday, February 1.
The upside for silver was already established, with Metals Focus predicting that it was due to outperform gold in 2021.
But then the GameStop short squeeze happened. Punters started looking for the next target which, by many accounts, could be the silver market.
A short squeeze happens when a stock or other asset (in this case, silver) jumps higher, forcing short sellers to buy it at a higher…
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