Precious Metals

Kimberly Redmond | |

Silver prices reached an eight-year high following social media calls to buy the metal and try to replicate the trading frenzy that has driven GameStop’s shares up 1,500% this year. 

On Monday morning, silver futures jumped almost 12% briefly reaching $30 per ounce following strong gains over the weekend.

The spike in demand appears to be related to day traders in the Reddit forum WallStreetBets, which has helped drive trading activity in out-of-favor companies...