SLV
Updated
SLV
Note
Okay so my take on silver. I'm not a pro by any means, but it looks like on the 4H and 1D chart silver seems to be painting a bit of a bull pennant. It looks good on both charts and I think if it holds true we'll see silver jump closer to 227/OZ sooner than later. Long term I'm holding silver and options because as the dollar index USDX goes down, I see silver and especially gold prices starting to shoot up. However we also have some signs that we might be due for a little bit of a pull back. All in all I've got slightly otm options for far out dates so it's long term play for me.Note
Tomorrow will be interesting to see if that selling pressure actually has enough volume to force us downward or if the paper market just needs to do some catching up.Note
So that's one way to go about doing it I guess... I'm still holding long term, but I'm definitely curious to see what plays out short term. It looks like these runs don't seem to be slowing down at all after hours or while futures are trading. So til I see something I like a lot or don't like, then I guess I'm just holding still!
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