Silver prices could be over 100 dollars by mid-year - analyst Miners snap three-day losing streak (Updates to close)
Feb 1 (Reuters) - Australian shares closed higher on Monday, helped by gains in precious metal stocks, with silver prices at a near six-month high as retail investors piled into the commodity in what appeared to be social media-hyped buying.
The S&P/ASX 200 index closed 0.8% higher to 6,663 at market close, reversing a 1.4% fall earlier in the session and snapping a three-day losing streak.
Silver, traditionally considered a safe-haven asset, rose 7% after social media-driven investors flooded into the market to recreate the frenzy that led to a meteoric rise in GameStop shares last week.