The Reddit flash mob won't be able to work the GameStop magic on silver | Nils Pratley

It will be a great deal harder to push up the price of the metal, which is already at an eight-year highAttempting to corner the silver market has a long and dishonourable history, so one can understand why members of the have-a-go Reddit crew might be attracted to a version of the idea.The day traders also appear to have chosen one tactic correctly. They targeted silver exchange traded funds, or ETFs, which are obliged to back their units with physical holdings of the metal. Yes, that’s t