Hold it, long term, possibly past December 2016.
Gold looks like an intermediate term top here, so it's a fairly safe trade.
A good alternative is short NEM/long SLV , which looks to be more overextended even, but the main indicator is this chart right here. Don't set any stops in this trade, just calculate your position size for each leg, based on ATR.
Tim West suggested this trade today in the KHL chatroom, and now seems like the perfect time to take it.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
dollarneutral? what does it mean in this context? do you even want to be dollarneutral? Ok now I get it! It is safer because the profit will be less. The difference will be insurance premium. You will slow down the beta of silver. Is that something good? I would not do it.