We shared a long asymmetric risk/reward idea for silver with our clients on November 15th, 2018. The nearest silver future was trading slightly below $14 back then. The setup was motivated by the prevailing market sentiment in combination with a technical pattern. It showed a 3% risk for a large double-digit potential gain.
Silver rallied more than 30% until we followed up on the idea. We concluded on August 30th, 2019 to get out of silver as a larger correction appeared likely. That proved correct again and silver lost more than one-third of its value into Q1/2020.
