Retail Investors Pile into Silver, Generating a Price Surge

Precious metal advocates have been waiting for a catalyst to spur the precious metals market. I am not how many anticipated that a Reddit retail investor group would be that catalyst, but here it is; silver jumped to $30 an ounce overnight. But caution is warranted as there are powerful forces with an interest in the price of silver and precious metals. Let’s see what happens this week.

https://www.zerohedge.com/commodities/its-been-nuts-silver-surges-most-lehman-bankruptcy-hits-7-year-high-over-30

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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