Global Shares Rally, Retail Surge Drives Silver To 8-Year High
Feb 01, 2021
Global shares bounced and silver markets surged on Monday as retail investors expanded their social media-fuelled battle with Wall Street to drive the precious metal to an eight-year high. Stock markets were roiled last week after a spike in retail demand to buy the stocks most bet against by hedge funds drove huge gains in companies such as GameStop Corp, and prompted fresh concern that COVID-19 monetary and fiscal support measures were fuelling a market bubble. Read more at Reuters.