Consider buying a put option on December silver (SIZ25) futures.
See on the daily bar chart for December silver futures that prices have soared to a record high this week. However, it’s my bias that prices are close to a near-term top. History over the past 50 years shows that if prices are close to or above $50, they don’t stay there for long. Also, see at the bottom of the chart that the Relative Strength Index (RSI) is showing bearish divergence, whereby silver prices moved to new for-the-move highs, while the RSI started to trend down from its late-September peak.
