Placeholder Image

Subtitles section Play video

  • the latest target of a retail trading frenzy that set financial markets on edge.

  • Silver prices surged to an eight year high on Monday.

  • Silver mining stocks leaped and bullion dealers were scrambling a small time investors piled into the metal.

  • The phenomenon has largely been organized in online forums such as Read it, Aunt traded with fee free brokers like Robin Hood.

  • It's driven a 1500% rally in the shares of video game retailer Gamestop as the crowd scoops up assets big fund managers had bet against.

  • The action in silver follows thousands of Reddit posts and hundreds of YouTube videos.

  • They suggest that arise in the physical price could again hurt large investors who have bet on it falling.

  • The move marks a ferree into a much bigger and more liquid market.

  • Silver exposed stocks, funds and coins jumped in Asian trade, pushing spot silver up more than 7%.

  • European stocks continued the trend in early deals, with London listed miners up strongly.

  • Spot silver leapt more than 11% in London, reaching its highest level since February 2013.

  • Broader markets swung from losses to gains in Asia and Europe.

  • Investors seemed tourney between whether the retail frenzy is an entertaining sideshow or something more dangerous.

  • Several of the renegade traders are now millionaires on paper on their hedge fund.

  • Adversaries are nursing their wounds.

  • Melvin Capital, which bet against Gamestop, lost 53% in January.

  • Robin Hood has backed down and lifted some of the buying restrictions it imposed last week in a bid to calm the frenzy.

the latest target of a retail trading frenzy that set financial markets on edge.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it