Shawn’s Trade Idea

Silver surged over 6% on Friday night, taking it to fresh decade highs – note not all-time highs like gold. The risk/reward looks attractive, with silver potentially poised for explosive gains in the months ahead. Buying new highs goes against the grain for many investors/traders, but by definition, new breakout moves must start with new highs.

• I like a trade in Silver, looking for current strength to persist into 2025. The ASX-traded physical silver ETPMAG will likely open between 46.50 and 47 this morning.