Silver and gold are ripping higher – for obvious reasons. Governments can’t stop spending and providing stimulus, the U.S. dollar has hit a four-month low, bond yields are limited. Silver jumped 7% on Monday alone.
To play the rally – which isn’t over – I’m turning to two popular silver stocks.
Silver is a more popular play than gold here for two reasons – it’s cheaper, and it has the benefit of industrial use as extra price support.
You can buy these stocks now and then give yourself a chance at faster profits on the metals rally with these two options plays.
I give you this “silver profit plan” right here in today’s Fast Profits video:
Your Silver Trade Details – and Your Path to “Millionaire” Status?
Actions to Take: *FAST PROFITS VIEWERS – NOTE THE CHANGE IN LIMIT PRICES FROM THE VIDEO:
Buy SLV shares for $21.75 or less.
Buy to open the SLV Jan. 15, 2021 $20 calls (SLV210115C00020000) using a limit price of $3.25 or better.
Buy WPM shares for $52 or less.
Buy to open the WPM Jan. 15, 2021 $55 calls (WPM210115C00055000) using a limit price of $8 or better.
— Chris Johnson
Source: Money Morning