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As silver soars, Commerzbank warns of bubbles in other commodities

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With the Reddit-fueled retail frenzy spilling into silver, Commerzbank head of commodities research Eugen Weinberg told CNBC which asset classes he thinks could be next in line.

Silver jumped more than 11% at one point Monday morning. The spike has been linked to the 5 million-member Reddit thread WallStreetBets, which last week sent a several heavily shorted stocks skyrocketing, squeezing some Wall Street hedge funds.

Speaking to CNBC’s “Street Signs Europe” on Monday, Weinberg said the buying craze could go on for some time, with other metals and commodities also seeing rallies.

“The excess liquidity in the system, it is likely to create bubbles not only in silver but also probably…



Source cnbc.com

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