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Stock impact report

Is silver a meme trade? How the metal became 'GameStop in 2026' [MSNBC.com]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: MSNBC.com
In this articleA vendor shows various models and weights of silver bullion at a gold jewellery manufacturer in "El Sagha", as gold prices recorded an increase after a devaluation of the local currency, at the gold market area in Cairo, Egypt January 14, 2024.Amr Abdallah Dalsh | ReutersSilver's rapid surge and equally dramatic reversal in recent weeks has led market watchers to ask a fundamental question: when does an asset stop trading on fundamentals and start behaving like a meme?The volatility in silver prices has drawn growing comparisons to meme stocks such as GameStop, the video-game retailer that became a global phenomenon in 2021 after retail traders on Reddit piled in en masse, sending its shares soaring far beyond what traditional valuation models could justify.Meme stocksMichael Antonelli, market strategist at Bull and Baird, laid out the comparison bluntly on X: "How is Silver different than, say, GameStop?" he asked in a post last week. "Is this not a meme now?"He told C Show less Read more
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