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Hedge Funds Bet Rally In Canadian Silver-mining Stocks To Run Out Of Steam | Kitco News

by kitco.com posted 3weeks ago 18 views
TORONTO (Reuters) - Hedge funds have raised their bets against Canadian silver-mining stocks, January short-selling data from a market regulator showed, while the miners’ shares and silver itself rose sharply due to buying by retail investors. A social media-driven buying spree lifted silver to an eight-year high on Monday, spurred by posts on the same Reddit message board behind last week’s frenzied buying of GameStop Corp and other shares. But the rally later cooled on doubts about the ability of retail traders to move prices in a bigger, more liquid commodities market.

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