Silver prices hit highest since 2013 as Reddit army turns to commodities

Price of silver rose by more than10% on Monday. Photo: Leonhard Foeger/Reuters
Price of silver rose by more than10% on Monday. Photo: Leonhard Foeger/Reuters

The price of silver (SI=F) rocketed more than 10% to its highest since February 2013 on Monday, briefly trading over the $30 (£ ) per ounce mark, as retail investors piled in on the commodity.

It became the latest target after a retail frenzy last week saw the likes of heavily-shorted GameStop (GME) and AMC Entertainment (AMC) surge in revolt to large institutional investors.

Recently amateur traders have been…


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