After the exacerbated move in silver to the down side that we have seen in the last week this may be a potential opportunity to pick up some lite silver long positions.  Today we are looking at July Silver call spreads. On a daily chart the bull trend is still intact.  The market has trade back to the previous pivot and found some minor support.  However, due to the recent volatility a futures position may not be the best move.  Therefore here are two ways that a trader could potentially play a long position in Silver:

Call spreads

Buy 1 GSI N11 48.00 call and Sell 1 GSI N11 49.00 call @ 19 points or better

or

Buy 1 GSI N11 49.00 call and Sell 1 GSI N11 50.00 call @ 18 points or better

The risk of loss in trading commodity futures and options is substantial. Before trading, you should carefully consider your financial position to determine if futures trading is appropriate. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.

If you access and use this website, you accept and agree to be bound by, and comply with, the legal terms of use that must be accessed and read by clicking on the link “Disclaimer”. You should access and read the Disclaimer before using this website. Changes may be made to the Disclaimer at any time without notice. Accordingly, you also agree to review the Disclaimer regularly and your continued access or use of the website means that you agree to any changes to the Disclaimer.