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IPFS News Link • Gold and Silver

Reddit day traders look to silver as the next short-squeeze after being restricted from hot stocks

• Business Insider

-Silver has become a new target for Reddit day traders after multiple posts on the infamous WallStreetBets.

-One post on the now-famous subreddit called the silver market "one of the most manipulated on Earth."

-The iShares Silver Trust ETF was up as much as 7.2% on Thursday.

Reddit day traders are turning to silver for their next short-squeeze target after being restricted from hot stocks like GameStop and AMC on some trading platforms.

Reddit's WallStreetBets has been the talk of the market over the past few weeks as the forum used retail traders' purchasing power to put the squeeze on institutional investors and short-sellers.

Now it appears the day traders of Reddit have found their next target in precious metals.


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