Trade Call on SLV Driven by AI Demand and Supply Constraints

18 days ago

Host

"So what is my view on SLV as a trade? Well, I see more momentum here. Early January, I see SLV pushing towards $85 on China export restriction panic and continued AI demand headlines and continued dollar debasement. Momentum chasers continue to chase in. Then mid January, it hits $80 to $85. Exhaustion candle hits, profit taking kicks in, and what happens? It sells off to around $70 support. We can shake out. RSI cools from overbought. And then late January, you start getting the reemergence. $75 holds as a new floor. Dip buyers step in. Fresh catalyst. You get more China news, dollar weakness or supply crunch headlines, whatever it is, sends it ripping to $90 through February."

The speaker outlines a detailed trade call on SLV, emphasizing momentum driven by AI-related demand and supply constraints, a tightening silver supply amid geopolitical issues with China, and a weakening dollar. The call notes short-term fluctuations with an initial push to around $85, a dip to $70, and a subsequent rebound to $90, presenting a swing trade opportunity using options to capture this volatility.

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