Asian silver stocks continue surge as GameStop retail frenzy spills over

Investigator Silver

01/02/2021 03:33

(Updates)
    ** Silver-mining stocks, coin-selling websites and
silver-tracking exchange-traded funds jump across Asia as prices
of commodity continue to rally  urn:newsml:reuters.com:*:nL1N2K60M1
    ** Silver prices  XAG=  rallied for third consecutive
session on Monday, leaping to near 6-month high after social
media calls to buy the metal and emulate frenzy that has driven
GameStop  GME.N  shares up 1500% in two weeks  GOL/     
    ** Shares of Australian silver explorers Argent Minerals
 ARD.AX , Boab Metals  BML.AX , Adriatic Metals PLC  ADT.AX  and
Investigator Resources  IVR.AX  soar between 20% and 40%
    ** Chinese-listed Shengda Resources Co Ltd  000603.SZ ,
Yintai Gold Co Ltd  000975.SZ , Henan Yuguang Gold & Lead Co Ltd
 600531.SS  and Inner Mongolia Xingye Mining Co Ltd  000426.SZ 
climb between ~6% and ~10%  urn:newsml:reuters.com:*:nL1N2K703J
    ** Meanwhile, silver ETF listed on Tokyo Stock Exchange
jumps more than 10%  urn:newsml:reuters.com:*:nL8N2K700L
    ** Don't discount flow of funds going for other value
commodities next - OCBC Treasury Research analysts
    ** Silver, both a safe-haven asset and an industrial metal,
has risen nearly 15% since Thursday


 (Reporting by Shruti Sonal and Anushka Trivedi in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26))