RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

AS per the chart attached, Silver hit that double top breaking over $30.00. Early February, we sew that Silver hit that $30 in the “ GameStop” style of a short squeeze. Since then, selling pressure has had silver drift lower. But in my view, Silver could still test $30.00 before it sees $20.00 in my opinion. Markets are currently range-bound on charts. This sideway price action could be traded using options. Also, remember, in the future, you can trade the 1000oz contract.

Silver Mar ’21 Daily Chart
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Eli Tesfaye

Senior Market Strategist
Eli started his career in the futures and options market while he was in graduate school finishing up his MBA in 2003. Eli specializes in Automatic trading strategies and systematic options trading strategies in futures market. He has been Series 3 license holder since 2005. Eli's is an avid reader, runner, and yoga practitioner.
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