The Phaserl


Silver Volatility Levels Near 10-Year Lows; Possible Trend Change On Horizon?

from Silver Phoenix 500:

Silver prices are nearly unchanged on the year, underperforming the rest of the precious metals complex, and with its sluggish price action, options volatility levels are near multi-year lows.

Having such low volatility is unusual for silver, and one analyst said it’s a situation that’s unlikely to last. Mike McGlone, head of U.S. research for ETF Securities, said 30-day silver options volatility is around 12%, coming just off a 10-year low made during last week’s price drop.

That’s highly unusual, he said. The last time silver volatility fell to the mid-teens was last year just before silver prices broke in April 2013, and then in late 2010, ahead of the 2011 spike to record highs.

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