Reddit's retail traders switch their focus from GameStop to silver

Silver prices have rocketed to their highest since 2013 as Reddit users pile into the market in an attempt to push up prices

Bars of 100-ounce silver in a vault in Singapore. The retail trading frenzy drove up mining stocks on both sides of the Atlantic by more than 9%. Picture: Nicky Loh/Bloomberg

Following its meteoric rise in recent weeks, the share price of GameStop fell sharply today as retail traders flocked to other corners of the market like silver.

The video-game retailer fell for the second time in three sessions as shares of silver miners and AMC Entertainment became the focus for Reddit users. It follows weeks of volatility for GameStop's share price after retail traders on the wallstreetbets Reddit message board began urging each other to purchase shares to squeeze out short sellers.