Spot silver closed at $14.41 an ounce on Wednesday, having stayed relatively flat during the trading session. “I think there’s going to be a lot of value down here.
We could see $14 [an ounce], it’s an eyelash away basically, given some of the moves we’ve seen over the last year, but be ready to buy down there.
I think there’s a couple of ways to look at it, and right now, if it doesn’t get to $14, a nice way to get some exposure is to look at selling $14 puts,” Baruch told Kitco News.
- Source, Kitco News