Shares of Comstock Mining (LODE) has surged 136% on anticipated surge in a possible Silver short squeeze. Silver-exposed stocks 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 Reddit’s WallStreetBets forum have seemingly turned their attention to the metal, following the frenzy which sent stocks such as videogames retailer GameStop and cinema-theater AMC Entertainment surging last week. Silver futures rose close to 11% to $29.825 per ounce on Monday, briefly touching $30.
