Silver price reaches eight-year high as small investors snap it up

Prices of precious metal surges as Reddit posts and YouTube videos encourage interest

Silver prices hit an eight-year high on Monday as the precious metal became the latest asset to be subject to a flurry of interest from small investors.

Spot silver reached $30 an ounce for the first time since 2013 on Monday and the 10% gain put silver on track for its biggest one-day rise since 2008.