Reported 15 days ago
Market analysts suggest purchasing a put option on December silver futures as prices reach record highs, potentially nearing a peak. Historical trends indicate that silver prices above $50 tend to decline swiftly, and recent bearish signals in the Relative Strength Index (RSI) reinforce this view. The surge in prices has been driven by safe-haven demand amidst geopolitical tensions, but signs suggest these tensions may ease. Investors might find value in out-of-the-money put options, targeting a price drop to $40 or below before options expiration in late November.
Source: YAHOO