possible topping on silver

I was looking to jump in on ZSL but I dont know how much more upside is left, any more problems and it could run to 40+
 
very small position given the uncertainty and uup (close to a strong support), will add if 33.5+

+ BOT 10 SLV true MAR 18 '11 - 30 + 32 Put Bear Spread .643 09:41:19 14.29 null

Silver is not just a safety metal like gold, it's also a real commodity used by the economies.


Quote from Ghost of Cutten:

I love how people make random top or bottom calls, without ever explaining what strategy or method the call derives from.
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I love you too.
 
I own some zsl so I am short too but honestly besides some flimsy resistance at 34 I don't see any weakness on price. I am betting that the market can take some wind out of silver like in prior corrections but without seeming paranoid I DO think this time is different since people are no longer buying dollars for protection. I have a stop at the upper channel of the weekly channel. Above that there is no top as it would signal to me that there is a real dollar crisis ensuing and silver could be worth many times it's current price.

I would also like to know why u think a top has happened and I hope it's not an overbought oscillator since in the case of silver they r completely useless in this rally.
 
Today seems to be to be the day to roll to the next contract as March is no longer tradeable (at least @ IB).

From what I can tell May has the next best volume ... can anyone confirm that? - thanks.
 
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