Individual investors from Reddit social network groups contributed to a rise in the silver price by 11.2%, reaching $29.93 per ounce, accompanied by an increase in the shares of several European mining companies.
In a short period, the price of silver per ounce reached $30.03, marking its highest level since February 2013, before retracing some gains to record $29.75, an increase of 10.5%. Along with the rise in silver prices, shares of several mining companies also rose, which helped boost European stocks after silver attracted the interest of individual investors from the Reddit network and others. According to Reuters, the Stoxx 600 European index increased by 0.8%, with mining company shares leading the early gains in the index.
