hockeysniper
Long

SLV closing over 2016 August high of $19.71.

AMEX:SLV   ISHARES SILVER TRUST
On July 24th, SLV closing over the 2016 August high of $19.71. The next Fibonacci level (.786) is $23.48, then $26.93. On the options market, August calls for $22 was over 7000. Sept $22 calls over 12000. July 23rd, a $24/29 October call spread bought 20k in volume . FOMC meeting is July 30th and expecting jpow to say they are printing more money. Hope you all are banking on gold and silver stocks!, Have a great day! Cheers!

Comments

Thank you for the chart and option info.August and September strong seasonality months for both silver and gold prices.
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hockeysniper Thinus5422
@Thinus5422, Yes, I use the seasonality charts from equityclock.com. GLD and SLV have played out exactly like past history for june, july
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