Precious metals continue to show strength as both gold and silver hit new highs in today's session.
First, it was gold leading the charge, and now silver is making its move.
Let’s take a look at this silver futures chart:
As you can see, silver is breaking out of a multi-year base, with momentum accelerating sharply to the upside.
After a failed attempt earlier this year, buyers are giving themselves another chance to push prices out of the box.
If this breakout sticks above $30, we want to be aggressively long not just silver, but the broader precious metals space.
There is a growing list of opportunities, as well as plenty of vehicles and various methods we can use to gain exposure and add leverage to this theme.
The options market is one way we can do it.
Strazza just put an options trade on a silver miner for Breakout Multiplier members this morning. If you're not already a member, click here to get the trade.
