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Thread: Silver options expiry Thursday April 28th - Silver may soar

  1. #1
    PeacePlan
    Member

    Silver options expiry Thursday April 28th - Silver may soar

    We have options expiration on the 28th and at the same time silver is maybe going to break its all time high from 1980. Just about all the options are now in the money and delivery could be asked for. Also we have a high that was set more than 30 years ago about to be breached. Well if that gets breached I think we may get a 5 or 10 dollar up day in silver as it breaks its last resistance and is set free... only sky in the charts after it breaks it?

    Next few days will be very interesting...... as I type we are up .48 in Asian trading and stand at 48.43

    Check the link below for current prices..

    http://www.kitco.com/market/
    Last edited by PeacePlan; 04-27-2011 at 05:03 PM.



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  3. #2
    I am so glad I bought the recent dip! I think silver is going to be dong this all the way to 70 or 80. I just hope I can can some more before that happens.
    "They that can give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety."
    -Benjamin Franklin

  4. #3
    options expiry was on tuesday, april 26th: http://www.ronpaulforums.com/showthr...-Option-Expiry
    Today (04-27) was futures and mini futures expiry

    Full timetable here:
    April 26 Comex May silver options expiry
    April 26 Comex May copper options expiry
    April 27 Comex April gold futures last trading day
    April 27 Comex April copper futures last trading day
    April 27 Comex April silver futures last trading day
    April 27 Comex May E-mini gold futures last trading day
    April 27 Comex May E-mini copper futures last trading day
    April 27 Comex May E-mini silver futures last trading day
    April 27 Comex May miNY silver futures last trading day
    http://www.news.tradingcharts.com/fu...157529790.html

  5. #4
    PeacePlan
    Member

    Quote Originally Posted by Mike4Freedom View Post
    I am so glad I bought the recent dip! I think silver is going to be dong this all the way to 70 or 80. I just hope I can can some more before that happens.
    Fed helped us out today and I think we have a good chance at heading above that old high. Glad you got some on the dip.. This should be fun to watch as I have never in my 11 years of watching seen a big move up going into expiration's - they always hammer it. On Monday COMEX increased its margin requirements and in the past it has always had the effect of a big drop in the silver price. Not yet and we are almost at expiration?

  6. #5
    PeacePlan
    Member

    Quote Originally Posted by swissaustrian View Post
    options expiry was on tuesday, april 26th: http://www.ronpaulforums.com/showthr...-Option-Expiry
    Today (04-27) was futures and mini futures expiry

    Full timetable here:

    http://www.news.tradingcharts.com/fu...157529790.html
    I thought it was thursday my bad... Well nothing holding us back now.. Do you know when the last date is they can ask for delivery?

  7. #6
    Quote Originally Posted by PeacePlan View Post
    I thought it was thursday my bad... Well nothing holding us back now.. Do you know when the last date is they can ask for delivery?
    No i donīt, would have to check the rules. Never took delivery. Always bought physical from bullion dealers.
    Zerohedge reports that comex inventories show strange numbers: http://www.zerohedge.com/article/how...res-probably-r

  8. #7
    I wish Bernanke gave more press conferences, he drove silver above 48 for me today.
    "Where liberty dwells, there is my country."
    Benjamin Franklin



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