Silver and Natural Gas Scrutinized by CFTC After Price Spikes
- Regulator closely monitoring markets, acting chairman says
- Silver posts on social media a big focus, Behnam says
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U.S. regulators are closely monitoring derivatives markets after silver surged and the crippling Texas storms prompted a spike in spot prices for natural gas, the acting chairman of the Commodity Futures Trading Commission said.
The CFTC is keeping a particularly close eye on social media after bullish commentary on Reddit’s WallStreetBets forum helped drive silver futures to an almost eight-year high last month, Rostin Behnam told the CFTC’s Market Risk Advisory Committee Tuesday.