, Columnist
Silver Won’t Fall So Easily to the Memelords’ Assault
Speculative investors have managed to drive up the metal’s price before. The market looks very different this time around.
Cash bar?
Photographer: Munshi Ahmed/Bloomberg
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If the guiding spirit of financial markets in 2021 is “you only live once,”1you ought to discount the odds of lightning striking in the same place twice.
That suggests the retail investors who drove silver up as much as 7.5% late Sunday may have a harder time achieving anything like the gains they’ve notched in stock of GameStop Corp., which is up 1,625% so far this year thanks to an epic short squeeze.