Sentiment: Option Traders Take Bearish Bets on Silver and CopperNegative option flows were found for two metals at the same time: silver and copper.
Portfolios that want prices to fall appeared at the same time as the market is growing, which is interesting.
The positions are quite large, but they cannot be called "Insider positions", so we will be careful with forecasts.
Of course, we need chart confirmation that agrees with the sentiment in options. Option traders like to flip trends too, so we need more signals.
If you're long right now, though, that's something to consider. Like I said, option trades in Silver and Copper are significant.
Sillver
Is Silver About to Break Out to ATH's?Silver appears to be in a position to advance to new highs?
This is a MONTHLY LOG chart.
You can't miss the decade long cup with 2 year handle....about ready to break out!
If this count is valid we should see some real strength to the upside SOON. If a wave 3 of 3 is about to begin YOU DO NOT WANT TO MISS IT.
Get ready this could be fun.
This lines up with my anticipated move up in the gold market. See my post regarding that.
Silver is getting ready to explode.Scan your silver stock roster and get ready. Silver looks primed for another rally soon. I've been sitting on this little stock hoping for a supernova move. Patience is key and remember, the high risk/high reward ratio. don't invest more than you are willing to lose