Silver is under pressure with a potential rise in interest rate hampering real inflation pressure as per the chart below. But as I have written about this in the past with the same chart, I have below. Silver still can blow above $30 provided the buzz for infrastructure spending accelerates to boost the economy. So bears could have trouble hitting silver too hard so to speak. I will be shocked to see silver trade below $22 to $20 range. These sideways markets provide a great deal of option trading opportunities. Please reach out to me to discuss that. Enjoy trading.

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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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