Silver Miner’s retail investor-Fueled Surge

AMEX:ASM   Avino Silver & Gold Mines Ltd.
Silver-exposed stock $ASM climbed early on Monday, after a surge in retail trading pushed the price of the precious metal to an eight-year high.

Silver has rallied in recent days as some users on social media have seemingly turned their attention to the metal.

“What we don’t know is exactly how this is happening,” said analyst Neil Wilson. “Clearing out of shorts by worried hedge funds, retail-driven bid, ETFs flows driving the physical market, smart-money front-running the trade, or a combination of all these,” he added.

The surge came after the dual-listed miner, which has a silver operation in Mexico, disclosed last week plans to sell up to $25 million of newly issued shares into the U.S. market.

Exactly what kinds of investors are behind the current run-up in metal prices and silver-exposed stocks is uncertain, but clearly opportunities have arisen.

A number of posts on the WallStreetBets forum advocated buying silver, while #silversqueeze has also been trending on Twitter. However, many posts also argued against the trade.

“The issuer community will flood the market with capital raises, particularly the U.S.-listed ones who can access the superior liquidity with ‘at the market’ equity issuances,”


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.