The unusual investment activity that unsettled the stock market last week through soaring interest in shares of GameStop and other struggling companies took another surprising turn on Monday, when the value of silver futures and of the companies that mine the metal shot up.
But Phil Baker says he wasn’t among those caught off guard.
Baker is the CEO and president of the Coeur d’Alene-based Hecla Mining Co., which is the largest silver producer in the country and which saw its stock price jump 22% on Monday.
“It was not a surprise,” Baker said Monday. “There’s been an increasing silver price for the last year or so in general.
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