“The market thinks silver should be higher,” said Michael Purves, chief global strategist at Weeden & Co. in Greenwich, Connecticut. “The options market is telling you there’s a decent floor at $19 here. And if you are short silver right now, you are heavily exposed to a short squeeze as well.”
Huge bets in the options markets on silver at $30 by January 2015. Next biggest options action at $40. What are you betting on?