Reddit-inspired trading pushes up silver prices, boosting London’s mining giants

Fresnillo had gained nearly 17% at around 1pm, while Polymetal was up just under 8%, as spot silver prices rose by 9%.

The Reddit fallout hit London on Monday. Picture: Kirsty O’Connor/PA

The attention focused on a small group of retail investors interacting on the online forum Reddit has once again defined the share performance of some of the biggest companies in London, although their influence has been questioned by some experts.

The Redditors are said to have turned their eyes to silver on Monday, pushing the commodity skywards and sending shares in the two biggest silver miners listed in London up sharply.