From silver to Dogecoin, here are the new goals of traders on Reddit

In the frenzy of the financial markets fueled by the moves of the investors in contact on Reddit, the first movements in the prices of silver are felt

Silver (Pixabay) In the frenzy of the financial markets fueled by the moves of the investors in contact on Reddit , there are the first movements in the prices of silver, which this morning exceeded $ 30 an ounce, reports Bloomberg. The users of the r / wallstreetbets forum want to spark a short squeeze of the commodity and have set their targets for the end of April, but the commodity in the last few hours has already registered peaks of + 11%, reaching a price that has not been seen since 2013.

The price was around $ 25 last week, and on Friday the iShares silver trust, the largest performing ETF product on the silver market, which is physically held in bullion in London, has Net inflow of $ 944 million was recorded, while #silversqueeze hashtag caught on on Twitter.

Meanwhile, redditers face further restrictions on the Robinhood platform, which has had a hectic weekend. First it widened the restrictions on the number of shares that can be purchased and options per investor to 50 stocks (initially there were 13), then it reduced the list to just eight stocks, further limiting the possibility of movement on GameStop: it now allows the purchase of only one share and to subscribe for five options. The measure was adopted since the sum requested by Wall Street to the platform in the clearing house, in connection with the shares, "has increased tremendously tenfold", reports Robinhood herself, who in the meantime has raised a billion dollar loan. dollars, according to the Wall Street Journal.

As if that were not enough, the raids of retail investors are also turning to the world of cryptocurrencies. For a sort of mockery, some redditer have decided to put the Dogecoin, the parody coin based on the meme of the Japanese dog Shiba Inu, on the same trajectory as GameStop & co, causing it to grow by 800% in recent days, also powered by a tweet from Elon Musk. The maximum value that the digital currency has reached is 7 cents of a dollar, but at the end of 2020 it was just 47 thousandths. The challenge would be to get it to one dollar.