Silver has been deliberating following the meteoric ascent in its share price in July. As the U.S. dollar has slowed the bleeding, silver has seen its price form a symmetrical triangle. However, since Chairman Powell’s Jackson Hole speech last Thursday, the price has started to rise again. Option traders on the iShares Silver Trust (NYSEARCA: SLV) are seeing the same things as several bullish option spreads were filled on the ETF today.
Silver is an interesting commodity since it is largely an industrial metal that is used in manufacturing processes. That means that the demand for the m...
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