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Silver (SLV) has been on a monster run over the past few weeks, but is reaching overbought levels on a 14 day RSI basis that have coincided with significant tops in the past.  Once SLV begins to drop, the profit taking could be the driver for a sharp downmove.


Consider taking a long put position out in June to position for a counter trend pullback with defined risk.


Buy SLV June 17.50 puts @ 1.00 to open

These expire 6/17/16