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Is Silver's Volatility an Opportunity For You?

Mike Maroney


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IMPORTANT NOTE: The information presented in these video clips is solely a highlight of the opinion of a third-party and is incomplete. Please visit the website and/or subscribe to the publication for the full and timely opinion of the individual and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

Video Transcript

Mike Maroney: Good afternoon! It's Friday, June 22nd. It's the first day of summer and it's a great day to talk about silver. So, what we're going to do today is our Silver Centric video and we have a lot to talk about as far as the silver market is concerned.

I find it very interesting, when I talk to investors and I when I'm talking about silver a lot of these investors have said, "Mike, why would I invest in silver it hasn't done anything?" Interestingly enough, if you look at the market, and you look at the price, and you look at the high and the low, in actuality, you might think it hasn't done much. But then, when you look at the potential that exists in the market place based on the recent action and understand the different vehicles that are out there to take advantage of volatility, you might start to think, "Hey, maybe there is something here as far as the silver market is concerned that I might want to find a little bit more information about."

Now, let me give you an example. Since February, the silver market has traded in a very tight range. The lower end of the range is right around $16.10-$16.20 and the upper part of the range is between $16.85-$17.35. We've busted above $17.00 twice and traded up to $17.35 twice, both times we pulled back and came all the way down to $16.20, but the interesting thing in the course of the last four months, we have seen silver hit $16.15-$16.20 six times, each and every time, we've bounced up a minimum of $.60, sometimes a little bit more, and then inevitably, ran out of steam and pulled back--this is known as trading in a very tight channel. Now, the interesting thing about trading in a tight channel, if you can take advantage of short-term opportunities to make $.30, $.40, $.50, it's something that when you multiply it by 4, 5, or 6, it starts to add up. Yes, you haven't seen a two or three dollar move to the upside in silver, but you've seen five or six $.60 moves, multiply that out you have a $3.60 move. This is something that I think you might be interested in talking to one of our Account Reps about. Silver has been giving us a tight channel to trade within. It's one of those products, that one of these days, that $16.20 number will be the bottom, and when it takes out $17.40, it could just go, go, go... and hopefully you'll be sitting on a very large position when that happens. But, the only way you're going to find out about how to get involved is give us a call here at Monex. So, we can talk about how silver has been trading in a tight range. We can talk about the 100, 200, and 400-day resistance levels. We can talk about buy and sell signals based on momentum studies. We have the information and we would want to share it with you. Give us a call today! Thank you.