Silver slips from 8-year high as day-trader frenzy cools
Reddit group sends metal spiraling after GameStop short squeeze
Despite volatility brought on by speculators, some analysts are bullish on silver: The metal is used in solar panels, demand for which is expected to rise amid a switch to green energy.
TOKYO -- Silver prices slipped from an eight-year high this week, as retail investors jumped into the precious metal and tried to make waves in a relatively small market.
The benchmark price for silver hit $30.35 an ounce in New York at one point on Monday, up 25% from last Oct. 1. By Wednesday the price had fallen back to $27.
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