Silver blows through $28 ahead of option expiration
While there is still a lot of time in between now and when the silver options expiration process on the COMEX is completed tomorrow, it's getting rather interesting to watch the current trading.
Because while there appears to be a large call option position at the $28 mark, the price is now solidly through that level. Which is not to say that it can't come back down, but it's worth keeping an eye on.
You would think that there would be a lot of selling pressure throughout the rest of the day and night, and to find out what to expect, click to watch the video now!
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