Traders Bet Silver Will Shine

Silver Bullets
  • If Traders Are Betting Silver Will Breakout, Should You Be Betting The Same?
February 26, 2013 2:21 pm est

Feb 26th 2013 9:30am est

Silver has been weak for a long time, but yesterday the bulls were jumping in. The option paper hit in the ProShares Ultra Silver fund, which is double-leveraged to the price of the metal. More than 2,300 March 42 calls traded in a heavy buying pattern for $0.95 and $1 in volume well above the strike’s previous open interest of 678 contracts, indicating new activity, according to OptionMonster’s tracking systems.

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