Silver ETF assets surge to all-time high as retail investors pile in (FT)

Silver prices surged to an eight-year high in January, after retail investors piled into exchange traded funds holding the precious metal.

But their mistaken reasons for doing so — and subsequent losses — have led to renewed debate about silver’s role in investors’ portfolios. Around $1bn flowed into silver-backed ETFs on a single day in January, after comments on the Reddit online forum, called WallStreetBets, erroneously suggested that US investment banks were suppressing the price of the metal.

https://www.ft.com/content/22ee1221-166f-4829-b4a4-e118fcdffac8