SILJ Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: SILJ may experience upward pressure as global demand for silver rises amidst economic stimulus and favorable commodity conditions. Furthermore, increasing investor interest in silver ETFs supports a strong bullish momentum.




Bearish Case: Market uncertainties, particularly concerning geopolitical tensions and economic instability, may lead to price corrections. High implied volatility suggests potential for sharp downside movements, especially if market conditions deteriorate.




Potential Outcomes:

1. Continued rallying towards $15 (30% chance) due to strong demand.

2. Corrections to around $12.50 (40% chance) from high volatility.

3. Stabilization near current price levels ($13.50) influenced by sector news (30% chance).




Trading Oracle: Implement a bearish credit spread by selling 2 $14 calls and buying 3 $15 calls expiring in 9 days, targeting a high probability of profit (85%) while anticipating volatility decline. This approach leverages market uncertainties for profit maximization with controlled risk.



November 08, 2024


ETF Managers Group LLC - ETFMG Prime Junior Silver Miners Forecast

SILJ        ETF Managers Group LLC - ETFMG Prime Junior Silver Miners











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Assets that tend to move strongly with SILJ



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GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.99)


CDE Forecast + Options Trading Strategies   CDE  Coeur Mining (0.96)


HL Forecast + Options Trading Strategies   HL  Hecla Mining (0.96)



Uncorrelated Assets

Assets with little price relationship to SILJ



CAL Forecast + Options Trading Strategies   CAL  Caleres (-0.0)


GLBE Forecast + Options Trading Strategies   GLBE  Global E Online (-0.0)


CTAS Forecast + Options Trading Strategies   CTAS  Cintas (0.01)


INTU Forecast + Options Trading Strategies   INTU  Intuit (-0.01)


MPC Forecast + Options Trading Strategies   MPC  Marathon Petroleum (0.01)



Anticorrelated Assets

Assets that tend to move strongly against SILJ



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.85)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.86)


SAGE Forecast + Options Trading Strategies   SAGE  Sage Therapeutics (-0.86)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.88)


ZSL Forecast + Options Trading Strategies   ZSL  ProShares UltraShort Silver (-0.89)









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