SLV - CALLS!

29 May 2024

Silver has surged 33% this year, driven by its critical role in modern technologies and as a hedge against currency devaluation. Alan Hibbard, a noted analyst, recently discussed the factors behind silver's rise on Schwab TV, highlighting robust demand from both retail and institutional investors. Analysts expects silver to outperform gold in the short term, potentially reaching $50 an ounce. Central banks, particularly China, have been increasing their gold reserves, while copper has also reached record highs due to demand in green technologies. These dynamics underline silver's growing appeal in a turbulent economic landscape.

Personally bought $35 Strike 9/20 exp.

Buying if we go back and retest res as sup.

Multi 100% gainer!

29 May 2024

İşlem aktif

Not financial advise :)

29 May 2024

İşlem aktif

Multi % gainer swing trade. $30 I will double or triple position.
Silver is rallying, you can buy silver ETF and trade options on SLV ticker. My targets still remain above charts but some analysts saying $50 is possible soon and can experience a short squeeze.
This can easily multiple 100% -> 1500%+ gainer in the next month or two.

This is why i sold all my physical siver last week and deposit it to buy silver calls.

"Silver has surged 33% this year, driven by its critical role in modern technologies and as a hedge against currency devaluation. Alan Hibbard, a noted analyst, recently discussed the factors behind silver's rise on Schwab TV, highlighting robust demand from both retail and institutional investors. Analysts expect silver to outperform gold in the short term, potentially reaching $50 an ounce. Central banks, particularly China, have been increasing their gold reserves, while copper has also reached record highs due to demand in green technologies. These dynamics underline silver's growing appeal in a turbulent economic landscape.

The silver market, with a market cap of $1.6 trillion compared to gold’s $15.8 trillion, is more susceptible to price movements due to its smaller size. High short interest in silver, similar to the situations with GameStop and AMC, involves millions of shares of iShares Silver Trust (SLV) shorted. This makes the market vulnerable to a short squeeze if targeted by investors. Additionally, physical supply constraints could push prices higher if demand for physical silver increases. Silver’s dual role as a precious metal and an industrial commodity, used in electronics and solar panels, coupled with its appeal as an inflation hedge, further enhances its potential for price surges. The last big silver squeeze in 2010 saw the price jump from $33 to $50 in about a month."