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This Is Not Investment Advice
The Market Right Now - Silver
No cloak and dagger debates or arguments. Just the charts and data. Let’s take a look at SLV and what the heck is going on here . . . . and I’ll try to explain my insane and crazy SLV calls.
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SLV Monthly
SLV Weekly
SLV Daily
Thoughts and observations:
Tested the 10 Weekly EMA and closed the week off the lows . . . . doesn’t sound so bad . . . . well it was down on colossal Volume . . . . and Money Flow on the Weekly is now oozing out Red . . . . so it was definitely a rough week . . . . though not as rough as closing at the lows . . . .
Would say for the bears it needs to get smashed down hard fairly soon . . . . maybe knock it below $40ish . . . . need a very solid right cross to land . . . . . otherwise can this amount of bullish torque and momentum just dissolve in two weeks . . . . I’m not risking capital that it’s over already . . . . .
Daily Chart above . . . . . inside the Blue Box . . . . super simple indirect look at Volume Profile . . . . lotta action took place there . . . . . might want to revisit . . . .
Regardless of where one falls on the issues of physical inventories, collateral pledged, rehypothecation, “the evil banksters”, or whatever . . . . simply looking at the charts and data . . . . in particular Higher Time Frame Money Flow . . . . makes me rather skeptical it’s all over now . . . . . unless price breaks down dramatically to force even more painful capitulation . . . . not sure all the bullish energy and momentum will be tossed aside as of yet . . . . .
So . . . my ludicrous and insane Calls . . . . . around Noon or so on Friday was watching closely . . . . open mind . . . . analyzing the situation . . . . one option SLV flops around and eventually tanks hard (the bull is over) . . . . another option it tries to stay near 10 Weekly EMA and kind of hovers and delivers some Max Pain (kinda like BTC has been doing) . . . . or the bull resumes after technical damage resolves itself . . . . watching out of the money calls with multiple months of room left on the ticking clock aspect of options . . . . to me the best risk/reward play was to get long Calls but Calls that really only benefit if the bull not only resumes but marches on to much Higher Highs . . . . . . already have meaningful enough physical position for almost twenty years now and feeding our daughter the same to teach her, etc. . . . . “risk” cuts more than one way . . . a “risk” is this bull takes the punches but keeps plowing forward in a big way and my exposure is limited vis a vis the opportunity . . . . ended up concluding that yes it could get bogged down in a range trying to consolidate and fight forward (which eats up the clock for sure) . . . . . but to me far more likely the bull ultimately resumes than it being over and concluded as of Right Here and Right Now (and had already watched it bounce off of 10 Weekly EMA showing that it at least was not going to knife right through that critical level - for now at least) . . . . . hence . . . .
Added another new hedge/trade around 1PM Friday . . . . Buy to Open SLV 9/30/2026 150.00 C . . . and Buy to Open SLV 1/15/2027 200.00 C . . . . .
