This time Wall Street bet traders have targeted the precious metal silver. Users on the Reddit forum Wall Street bets have been making a case for buying silver to try and push its prices higher. Notably, prices of silver are often manipulated. The Wall Street bet traders have underpinned their hopes on prices of silver, as the commodity is undervalued. The Reddit-inspired investors piled on to silver as the new week started. The precious metal was up by nearly 9 per cent within minutes with futures topping $29 an ounce. The online retailers such as Apmex dealing in silver were overwhelmed by the extraordinary demand for bars and coins over the weekend and were unable to process orders until Asian markets open.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK