WallStreetBets rift exposed by Citadel’s silver holdings
Silver is a new target for retail investors wanting to hurt hedge funds, but some on the Reddit group say Citadel will benefit if silver is ‘squeezed’
01 February 2021 - 16:15
Tokyo — Ken Griffin’s Citadel has once again found itself at the centre of a WallStreetBets drama, this time over the firm’s holdings of silver.
The precious metal has become a popular buying target for retail investors keen to inflict losses on hedge funds, after posts on WallStreetBets claimed the market was ripe for a short squeeze. Yet some members of the Reddit forum have responded with pleas to avoid the trade, saying Citadel stands to benefit as a major holder of the largest silver exchange-traded fund (ETF)...
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