Silver Options Bears Boost Bets on Metal’s Drop for Second Day

Bloomberg reported on an increase in trades of bearish options on a silver ETF.

The market news is quoted as saying:

More than a third of all volume for puts to sell the iShares Silver Trust (SLV) ETF was concentrated in a single trade of 100,000 contracts in a strategy known as a butterfly, according to OptionsHawk.com.

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