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Price Forecast:


Bearish   <->   Bullish

Bullish Case: MAG Silver's production efficiency and potential silver price recovery may drive upper price resistance. With call options volume significantly higher than puts, sentiment appears bullish ahead of earnings, supporting higher valuations.

Bearish Case: Persistent negative sentiment in the broader market could lead to further declines in MAG Silver's price. High implied volatility and mean-reverting historical returns suggest possible volatility-induced sell-offs near upcoming expiration dates.

Potential Outcomes:

1. (60%) Continued production efficiency raises earnings, driving stock higher.

2. (25%) Market pessimism leads to a price decline.

3. (15%) Unexpected geopolitical events result in significant volatility.

Trading Oracle: Consider bullish debit spreads by purchasing MAG 11/15/2024 15 calls while selling 17.5 calls. This capitalizes on bullish sentiment and a price target nearing $15, with favorable implied volatility. Such a strategy maximizes potential gains while managing risks effectively.

October 08, 2024


MAG Silver Forecast

MAG        MAG Silver

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PAAS Forecast + Options Trading Strategies   PAAS  Pan American Silver (0.95)


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GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.91)


SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.9)



Uncorrelated Assets

Assets with little price relationship to MAG


EQT Forecast + Options Trading Strategies   EQT  EQT (-0.0)


HPK Forecast + Options Trading Strategies   HPK  HighPeak Energy (-0.0)


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AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (0.01)


NEP Forecast + Options Trading Strategies   NEP  NextEra Energy (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against MAG


CVS Forecast + Options Trading Strategies   CVS  CVS Health (-0.8)


YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.82)


ODFL Forecast + Options Trading Strategies   ODFL  Old Dominion Freight Line (-0.82)


FXP Forecast + Options Trading Strategies   FXP  ProShares UltraShort FTSE China 50 (-0.82)


ZSL Forecast + Options Trading Strategies   ZSL  ProShares UltraShort Silver (-0.85)







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