US markets are coming off of their worst week since October. The volatility hinged on a handful of trends, including fears from analysts about whether the massive short-squeeze in GameStop and other Reddit favorites are beginning to curtail liquidity in other parts of the market as investors unwind positions.
There are other factors, too. Earnings season is in full swing. There are also questions about whether President Joe Biden‘s proposed $1.9 trillion stimulus package can actually get passed, along with uncertainty over the coronavirus vaccine rollout.
Silver producers, meanwhile, jumped in Asia as futures for the precious metal surged to touch five-month highs. China Silver Group soared nearly 30% in Hong Kong, for example. Chinese silver futures also jumped nearly 9% in Shanghai.
— Anneken Tappe contributed to this report.