GATO - Silver surges past $30 as retail investors pile in
Silver futures (XAGUSD:CUR) +10.6% to $29.78/oz. after briefly hitting $30.03/oz., its highest level since February 2013, as the metal takes center stage in the retail investor frenzy sweeping through markets.Avino Silver & Gold Mines (ASM), a $110M market-cap miner, +144.7% pre-market and reportedly has been the most-actively trending stock on Google search."Google search trends show a substantial pick up in interest since last Thursday and in our view, the price action is only likely to beget more interest in the short term," says RBC analysts led by Tyler Broda.Other silver-exposed miners that are surging include: [[CDE]] +35.2%, [[AG]] +32.4%, [[SVM]] +26%, [[HL]] +25.4%, [[EXK]] +24.8%, [[MUX]] +23.9%, [[SILV]] +23.1%, [[AUMN]] +22.1%, [[FSM]] +18.6%, [[GATO]] +18.1%, [[AXU]] +17%, [[PAAS]] +13.6%, [[WPM]] +11.4%.The iShares Silver Trust ETF (SIL) +16% pre-market after jumping 6% last week.
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Silver surges past $30 as retail investors pile in