Loading ...Least Risky Way To Play The Silver Spike with Leverage
Without using futures or margin (debt) the least risky way to leverage up to play the coming silver spike is with call options on one of the best silver stocks. I suggest long term calls on MAG. After making it’s double bottom at the end of March, MAG has had a nice rally and been consolidating those gains for the last seven trading days. The chart shows it is hovering above 17.50 where it is just above both the 50 and 200 day mvg. avgs. One can use either the 17.50 and or the 20 strike price calls to establish a position. Before April is over MAG should be attacking the gap at 21 and eventually it’s ATH just above 24. 
Meant to include the following report. https://www.streetwisereports.com/article/2021/04/20/low-cost-silver-miner-on-path-to-produce-7-8-moz-yearly.html
I like MAG …but what a brutal sell of it just had…merciless
Just a shakeout to the double bottom. You’ll remember I liked it about ten days and 2 points too soon when I said my target was the gap at 21. Now it is a point and a half above where I liked it and it is going to 21 soon. Chart says a raving buy.