Why First Majestic Silver, Hecla Mining, and Other Silver Stocks Rallied out of the Gate Today JAN 29, 2021 12:48PM EST Uncertainty is definitely high right now, with all the hype surrounding GameStop, AMC Entertainment, and other names caught up in short squeezes. The CBOE Volatility Index (or VIX for short), which specifically measures investors' expectations of market volatility, is clearly spiking, as the chart above shows. In fact, it isn't at all shocking that investors would view the short squeeze feeding frenzy as a sign that the market has become frothy. After all, stocks are near all-time highs, and the short squeeze issue has caught the attention of the mainstream media and even some prominent politicians. With that background, buying some silver and gold to protect against downside risk makes logical sense. https://www.nasdaq.com/articles/why-first-majestic-silver-hecla-mining-and-other-silver-stocks-rallied-out-of-the-gate
The Next GameStop: Silver Bullion? JAN 29, 2021 5:44PM EST Data source: Yahoo! Finance. The entire investing community has been fixated on what's been happening with shares of stocks that have high short interest. GameStop (NYSE: GME) and others have seen their share prices gyrate wildly, and at least in some people's eyes, it's turned into a battle between Wall Street and average investors. With some brokers having temporarily suspended trading in GameStop on Thursday, some investors are looking for other areas where short squeezes might occur. Even as many of those brokers allowed investors to buy GameStop stock again on Friday, some looked instead to silver stocks -- and the precious metal itself -- as possibilities for a similar short squeeze. https://www.nasdaq.com/articles/the-next-gamestop%3A-silver-bullion-2021-01-29
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