Is Silver the Next GameStop?

It’s been all over the news lately. Individual investors, encouraged by the Reddit group “WallStreetBets,” banded together to drive up the stock price of video game retailer GameStop from below $20 to over $480. Their actions forced hedge funds shorting GameStop stock to lose billions of dollars.

Now it appears the same Reddit group, known as a subreddit, has their eye on a new target: silver. Silver futures were up 11% on Monday to around $30 per ounce, near an 8 year high. According to various sources, users on “WallStreetBets” posted about executing a “short squeeze” on silver similar to the one that lead to the huge gains for GameStop. Coin and bullion dealers reported being overwhelmed by orders as the physical demand for silver increased as well.

If your company depends on precious metals in your manufacturing process, you’re probably wondering how this might affect your business. Events like these underscore the importance of working with a sputtering target manufacturer and supplier who understands the ups and downs of the gold, silver, platinum and palladium markets.

The team at DHF Technical Products has over a century of experience in the precious metal target business and has developed strategies to help you navigate the metal markets and make the most of your precious metal investments. In fact, we may be the only company built from the ground up to specialize in manufacturing and supplying precious metal sputtering targets.

Nobody has a crystal ball. Metal markets go up and metal markets go down. The smart strategy is to work with a precious metal sputtering target manufacturer you can count on to remain steady.