Trade of the Week: Silver

Trade of the Week

 Is the price of silver about to skyrocket? A massive options trade in iShares Silver Trust (SLV) could be suggesting that a large rally may occur in the precious metal before autumn sinks in. SLV is the most popular ETF for trading silver and tracks the price of physical silver. A trader placed an October call spread which will pay off if SLV is significantly higher at expiration time.