Materials Down As Duel Between Day Traders, Short Sellers, Sparks Flight From Risk -- Materials Roundup

Producers of metals and other raw materials fell as investors fled risky areas in light of instability in the broad stock market.

The duel between Reddit-organized day traders and short-selling hedge funds has caused a flight from risky assets because of fears it could upend brokers selling securities or commodities that are subjected to a similar frenzy.

Silver futures, which are reportedly in day traders' sights because of the sense that they are vulnerable to "short squeezes" like that orchestrated in GameStop's shares, added to Thursday's gains.

 Write to Rob Curran at [e-mail] 

(END) Dow Jones Newswires

01-29-21 1641ET