fxstreet.com 01 Feb, 2021 09:30 am

Silver lining as Reddit #silversqueeze pushes prices to 7 year high

Silver lining as Reddit #silversqueeze pushes prices to 7 year high
US markets suffered their worst weekly decline since October last week, as the volatility inspired by the tug of war around GameStop and other heavily

O’Leary went on to say that he expects there to be a huge amount of pent-up demand for short haul travel, once things start to return to normal, with a return of normal travel capacity of 50%-70% in the summer, and a very strong recovery into 2022 and 2023.It’s slowly becoming apparent that 2021 is likely to be as equally as challenging for the travel sector as 2020 was, with little prospect of a return to normal much before the spring of 2022.Silver prices have seen a big move to the upside as the Reddit crowd turn their attention away from GameStop, to the precious metals market.With all the focus now on the precious metals market, US markets look set for a positive start to the week, on the hope that the shift in focus for retail traders towards silver will give equity investors a break, from all the shenanigans around the likes of GameStop and AMC Entertainment, and other stocks that have been heavily shorted.

Dow Jones is expected to open 198 points higher at 30,180.S&P500 is expected to open 26 points higher at 3,740.

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