Silver sparkle for NZ market

Tue, 02 Feb 2021

A retail investor-driven rally in silver prices will still spill over into New Zealand’s stock market, despite the lack of locally listed mining companies.Wall Street started February on a strong note, with the S&P 500 Index up 1.5 percent at 8am in Wellington, as a 7.3 percent jump in spot silver prices lifted US mining stocks.Retail investors appear to be driving silver prices, moving on from last week’s revolt against hedge funds holding short positions in the likes of video game retailer GameStop.“Equities have bounced...

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