Silver prices hit a record high since 2013. This is another manifestation of the retail madness that has been going on for the past week.
The news site Reddit, which allows you to post any information you like, posted messages urging private investors who like to buy silver.
A tendency has emerged to buy up stocks and assets against which Wall Street's biggest investors bet. In the wake of speculative buying, prices rose in shares of companies that, according to users of Reddit forums, are undervalued. Forum users also believe that the silver market allows manipulation of the market as a whole and the rise in silver prices can harm large financial companies. The latter statement caused a storm of indignation and indignation among professional investors.
As a result, silver is up 10% from its last peak and is worth $ 30 an ounce. As a result, silver mining stocks soared more than 30%.
What will be the next target for piranha traders?
What other safe haven assets will be attacked by the crowd of retail traders?