/biz/ - Business & Finance

>>10014847
i just trade it desu. i like silver as its pretty and have a flute thats solid silver that i got at an estate sale once, but idk if id ever buy it as a "store of value". i see that as a scam to try and take advantage of libertarians. if you ask the avg physical silver HODLer, theyll almost always tell you they went all in in like 2009. precious metals in the physical sense is very much a greater fool kinda thing.

but as for trading it, it ranges very regularly, reversing on major dollar shifts that affect gold. but its much more volatile. my favorite trade w silver is to wait till it peaks, and IV is super low, then buy 2yr long, bearish biased straddles. if it pops up any more, i sell my calls and double into more puts. then when it crashes i get MASSIVE vega as well as a shit ton of delta. ive done it prolly 3 times this year. its been very profitable. right now, silver is on its support and curling up, coinciding with a possible dollar pullback

either way
ic related is all you need to know to trade silver effectively imo. its VERY predictable. i like trading things like that