Put Options May Be Attempted As Congestion Builds. MCX Silver shows signs of a drop off in volatility and the formation of a series of lower lows and lower highs in the past few hours. A retraement of the current up mve can be expected as both Gold and Silver look ripe for a correction.
Trade Idea – Buy MCX Silver Put Options on a break of 37000 all the way till 36700. Buy MCX Silver Call Options on a break above 37280. Validity 12.00 GMT 10/02/2016