Goldman Commodities Strategist Says Silver Is the Populist Metal
- Jeff Currie explains why the metal attracts strangeness
- Silver myths include the idea that it’s heavily shorted
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Over the last week or so, we saw GameStop-inspired flash mobs turn their attention to silver, where they attempted to engineer a squeeze. It didn’t really work out.
But silver prices did briefly surge, and for a few days, retail silver coin sites were totally sold out. So why did this happen, and why does silver tend to attract phenomenons like this? This was one topic we spoke about on a recent “Odd Lots” podcast with Jeff Currie, the top commodities strategist at Goldman Sachs Group Inc.