Citadel Silver Holding Exposes Rifts in WallStreetBets Army

Discussion in 'Wall St. News' started by dealmaker, Feb 2, 2021.

  1. dealmaker

    dealmaker

    Citadel Silver Holding Exposes Rifts in WallStreetBets Army (Bloomberg)
    Ken Griffin’s Citadel has once again found itself at the center 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.