Much like milk and bread in the days before a late winter storm, Silver is again flying off the shelf. A brief mid-week day or so of consolidation and both Spot Silver and SLV, along with our miners, HL and NEM, are all flirting with new highs. Our job is to simply keep one eye on the charts, with the other eye on trailing stops, letting the momentum of the trade do all of the heavy lifting. If looking to allocate new or additional capital to the sector, consider every breakout an opportunity, with every new high being a fresh breakout on which to anchor a new trade. Spot Silver One view: The five-wave (circle) subdivisions of an extended Wave 5. In this scenario, look for wave v (circle) to be dynamic, with maximum bullish ebullience. Silver Options - PRO Service Note: Stop on NEM calls moved up to 50% Trailing. Prior PRO Precious Metal Option Trades Past performance is not a guarantee of future success.
