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Yahoo! Finance: SI=F News
Silver is known as the devil’s metal because of its volatility — a characteristic many retail investors found to their cost earlier this month. As investors piled into the metal following comments on the online Reddit WallStreetBets’ forum, the price of silver shot up 15 per cent in the last week of January to hit its highest level in eight years of $30 an ounce. Demand was so high that almost $1bn flowed into silver-backed exchange traded funds in just one day.
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