Prices of precious metal surges as Reddit posts and YouTube videos encourage interest
Silver prices hit an eight-year high on Monday as the precious metal became the latest asset to be subject to a trading frenzy sparked by posts on the Reddit social network.
Spot silver reached $30 an ounce for the first time since 2013, rising by as much as 10% in early afternoon trading, before falling back to about $28.82, a gain of more than 7% over the day.