Hedging SLV or SIVR after hours?

[surfer25]

Hi,
Is there any good way to hedge a position in either SLV or SIVR after hours and overnight without using futures? i.e. suppose I have a long position in SIVR and the price of silver rises $2.50 overnight and I want to lock in the profit at 2 am EST instead of waiting until pre-market when the price may well be a point or so lower.
Thanks.

 

[Rodney King]

Maybe with <i>European</i> silver ETFs? I haven't tried to trade them. Let us know how it goes.

http://www.bloomberg.com/apps/quote?ticker=ZSIL:SW

http://www.bloomberg.com/apps/quote?ticker=PHAG:IM

 

[nazzdack]

Quote from surfer25:
----hedge a position in either SLV or SIVR after hours and overnight without using futures?
----a long position in SIVR and the price of silver rises $2.50 overnight....

Give more thought, planning and consideration to a $2.50 overnight move to the downside. :eek:

 

[Kedwards]

Oanda and other fx shops trade XAG/USD (silver) spot, 24 hours.

 

[surfer25]

Quote from nazzdack:

Give more thought, planning and consideration to a $2.50 overnight move to the downside. :eek:

Not sure what the point of your post is. This is a hypothetical question regarding hedging an overnight move prior to pre-market trading, so the direction of price movement doesn't seem relevant to the answer.

 

[Rodney King]

Quote from surfer25:

Not sure what the point of your post is.

The point is, nazz has nothing useful to offer on this thread, so instead he's posting platitudes.

 

[surfer25]

Quote from Kedwards:

Oanda and other fx shops trade XAG/USD (silver) spot, 24 hours.

Hey, thanks for this info. IB offers this contract also.

 

[nazzdack]

Quote from surfer25:
----Not sure of the point......
----hedging an overnight move....
----the direction of price movement....

1) To leg into a "hedged" position on different exchanges or with dissimilar instruments can get expensive and icky.
2) Regarding my original post, are you equally willing to lock-in a loss of $2.50/ounce as you are the same gain? If not, don't act on what the others have suggested.

 

[murray t turtle]

Quote from nazzdack:surf25

Give more thought, planning and consideration to a $2.50 overnight move to the downside. :eek:

==================
Trend study is a favorite area of mine, silver, SLV= nice uptrend;
agree.

$40 is somewhat resistance/risk area ;
not that resistance means much in a good uptrend.

Mr surf if i was very concerned about a 2.50 loss on $38 silver ;
i would simply get out before 40. I hate losing even a penny;
but its[loss of that % ] is simply a business exspence.

Hope this helps;
opening an account in another time zone seems not worth it..

 

[shortie]

Quote from surfer25:

Hey, thanks for this info. IB offers this contract also.

Quote from Kedwards:

Oanda and other fx shops trade XAG/USD (silver) spot, 24 hours.


can't find it in TWS