Silver Is Flying, But Options Say Slow Down
When gold looks poor
Silver up double the gold surge. Impressive.
Source: LSEG Workspace
Silver/gold
The silver/gold ratio at 5 year highs...
Source: LSEG Workspace
Hotties
Hunger for silver remains huge.
Source: GS
Reaching extremes
Silver weekly RSI at levels seen three times over the past 20 years.
Source: LSEG Workspace
Beyond extreme
Silver monthly RSI at 89! Our screens can't find a more extreme reading.
Source: LSEG Workspace
Silver options mania taking a break
Is "under the hood" options pricing telling us silver has gone ahead of itself? Call put skew has come down notably since the "panic upside grab". Watch silver volatility closely here as it could start to pressure the spot market (just as it did in late October, chart 2).
Source: GS
Source: LSEG Workspace
via zer0hedge
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