Producers of metals and other raw materials rose as anticipation of another stimulus package continued to weigh on the dollar.
Silver futures, which are particularly sensitive to moves in the value of the dollar, rallied.
Users of Reddit's WallStreetBets subgroup have targeted the precious metal for a "short squeeze," which analysts say is unlikely to succeed but may be stirring demand for silver and related investments such as the iShares Silver Trust. Gold futures also rose, fighting their way back from a two-month low.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-08-21 1718ET
