Silver becomes the new Gamestop, metal soars to 8 year high on risky bets

The price of silver has soared overnight as amateur traders continue to take on big professional institutions at their own high risk game. 

It's the latest installment in the current David versus Goliath battle after day traders swapping information on social media pushed up the price of a little known company Gamestop. 

ABC's Peter Ryan says there are fears that day traders buying in at the top of the market could get badly burned when the silver price corrects.