ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Commodities

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.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more