The shift in focus of the online army of Reddit retail investors from stocks to silver may help boost equities, according to Allianz’s chief economic adviser Mohamed El-Erian.

EL-Erian tweeted: “It’s getting stranger in markets! Silver is now up 10%. Meanwhile, US stock futures have turned positive making some draw a line between the two, arguing that, with the Reddit trade shifting to silver, hedge funds will be under less pressure and won’t be forced to sell stocks.”