I went long DEC $13 calls two days ago. I not looking to hold this past summer. I definitely think the market can make it there, but I using options for the staying power as I trade the futures on a momentum basis
The spread is 200 pips. I agree, it sucks. But the tradeoff is that with margin I can buy a good deal of it and just let it sit.
I'm sure it's another money maker for them. Why the hell else would they do it
At any rate, I can withstand swings of a few dollars without issue. After that it would begin to get messy.
But long term I keep reading all this crap about Dubai having launched it's silver exchange. China looking to place reserves in gold and solver. The barclay's one. Brazil talking about it...blah blah blah. And then I read the silverbugs hype about how there's little actual silver really left (which is probably a load of shite, but who knows).