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Today I’m fielding a question from Dan F., who asks…
A while back, someone recommended buying a call option on SLV, an ETF on silver.
It’s gone up quite a lot since then – back in May, I think.
I’m wondering if you still think SLV is a good play now? And if so, how would you play it?
Dan, thanks for your question.
First off, I made that recommendation – to buy the Oct 14 SLV Call Option for $3 – back on May 20 of this year.
By Aug. 17 (the day I would have cashed out), it had risen all the way to $11.60 – a 286.6% gain.
(Click any image to enlarge)
So would I dive back into SLV again?
Yes, for reasons I'll come to in a second…
Editor's Note: Click here to keep reading.
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