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Silver soars as GameStop’s retail horde eyes other targets: ‘It’s going to be a lot harder’

The world’s largest online retailer of precious metals said it saw a surge in demand

By

William Canny

Silver prices surged to an eight-year high and the metal has gained 16% in the last week
Silver prices surged to an eight-year high and the metal has gained 16% in the last week Photo: Getty Images

Silver brokers are seeing record demand for the precious metal with retail sites swamped with demand over the weekend as the GameStop market frenzy spills into other asset classes.

Silver is the latest target of Reddit’s retail army after a user known as RocketBoomGo called for followers of the WallStreetBets forum to trigger a short-squeeze in the precious metal ETF SLV, the iShares Silver Trust, from $25 to $1000.

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