By Adam English, Outsider Club:
Silver prices have been slumping ever since they hit a 2014 high of $22 in February.
Now, the meta is trading around $19 – a price that screams “buying opportunity.”
You don’t have to take my word for it, though.
Just look at what Wall Street’s doing: Looking at the options market, it’s clear hedge funds have ordered their traders to go long on silver prices, betting on silver ETFs.
On Friday, there were 36,000 call contracts (bullish bets) taken out on the iShares Silver Trust ETF (SLV), compared to 15,000 puts (bearish bets).
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