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Barchart
Barchart
Jim Wyckoff

Silver Prices Are Pushing Higher. How Should You Trade the Precious Metal Here?

Consider buying a call option on December silver futures (SIZ25). 

See on the daily bar chart for December silver futures that prices are trending higher and have just seen a bullish upside technical breakout from a choppy and sideways trading range at higher levels, to score a 13-year high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bullish line crossover signal, whereby the blue MACD line has moved above the red trigger line. My bias is that there is significantly more upside price potential for silver in the coming weeks or few months.

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