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I’m looking to put on a silver trade tomorrow. It looks as if silver has bottomed, at least in the daily time-frame and is now due a bounce. I would love to see $17, but $16 makes the trade worthwhile with a 20%+ return over 3 weeks.

I’ll place a spread trade, to minimise [loss] risk and try and leverage any upside using options.

So below is the trade.

The time-frame is obviously critical. I’m looking at Week 4 expiry for this trade. This is the least capital that can be risked, for bigger trades simply add options.

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