Back in early April, I made a bet that silver would play catch-up to the vastly outperforming gold complex utilizing an options trader's version of a pairs trade. You can read about it here.
Both instruments had a bit of a wild ride following the "Liberation Day" Luau, especially SLV. But thanks to the somewhat offsetting risks of the short-biased GLD trade, we road out the volatility admirably.
Today, following SLV's recent run and dramatic outperformance against GLD, I think now is the time to take our profits.
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