Take into account shopping for a name possibility on December silver (SIZ25) futures.
See on the every day bar chart for December silver futures that costs are trending greater and are pausing not far beneath this yr’s excessive. This pause is just not bearish and suggests bulls are storing vitality for an additional push greater within the not-too-distant future. It’s my bias that the silver market will proceed to rally and has likelihood to hit a brand new report excessive within the coming months.
Basically, the geopolitical scene is just not on a full boil at current, however a number of parts are nonetheless simmering and will grow to be hotter rapidly. Additionally, historical past exhibits the months of September and October may be turbulent for the inventory and monetary markets. These elements could proceed to drive safe-haven demand to silver within the coming weeks/months.
Take into account shopping for a name possibility on December silver futures, with an upside value goal of $45.00, or greater. The choice expires on November 24.
IMPORTANT NOTE: I’m not a futures dealer and don’t handle any buying and selling accounts apart from my very own private account. It’s my aim to level out to you potential buying and selling alternatives. Nevertheless, it’s as much as you to: (1) determine when and if you wish to provoke any trades and (2) decide the scale of any trades chances are you’ll provoke. Any trades I focus on are hypothetical in nature.
Here’s what the Commodity Futures Buying and selling Fee (CFTC) has stated about futures buying and selling (and I agree 100%):
Buying and selling commodity futures and choices is just not for everybody. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Earlier than you make investments any cash in futures or choices contracts, it’s best to contemplate your monetary expertise, targets and monetary assets, and understand how a lot you possibly can afford to lose above and past your preliminary fee to a dealer. It’s best to perceive commodity futures and choices contracts and your obligations in coming into into these contracts. It’s best to perceive your publicity to danger and different facets of buying and selling by completely reviewing the danger disclosure paperwork your dealer is required to provide you.
On the date of publication, Jim Wyckoff didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions. This text was initially revealed on Barchart.com
