Silver Is Having A Meme-Stock Moment. Just Look At These 3 Charts.
Trading volume in a popular silver ETF is the highest of any U.S. equity on Monday as silver prices see their best day since 1985. Silver prices saw their best day since 1985 on Monday. Some said the metal's meme-stock moment has arrived.After posting the strongest year on record going back to at least 1979, silver prices have continued their rapid climb in January. On Monday, the price of the most-active futures contract gained 14% through daily settlement, marking the best day for the white metal since March 19, 1985, Dow Jones Market Data showed.This was only the latest chapter in what has been one of the biggest stories in markets over the past year. During that time, prices for gold , silver, platinum and palladium have taken off - but none have risen as far, or as fast, as silver."It doesn't share the 'us vs. them' dynamic that motivated much of the early meme-sto