Long Silver XAG/USD for potential breakout

FX:XAGUSD   Silver / U.S. Dollar
Trading in its tightest trading range ever
Speculative long positioning deteriorating to a record low
Gold/Silver ratio heading into strong resistance
From a contrarian standpoint suggests a breakout attempt shouldn't be too far away
Looking for sustained break above $16.75
This view can also be implemented capital efficiently via long SLV call options
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