The Situation In Precious Metals

This is going to be a dead-simple, quick idea. I've been looking at Precious metals for a while now, and silver in particular. It appears that there is a significant amount of demand for silver near 22, and a large supply of silver between 28-29.

Right now we are trading in the middle of this range, but with inflation picking up and the recent break higher above the short term supply zone near 24.50, we may have increased potential for upside into the end of the year.

I'm looking at some highly levered miners as a derivative to this play (I'm net long HL derivatives) but nothing else as of yet. I may also look to get short some TIPS in combination with this off of the massively deflationary UMCSI 66 print this morning.
Fundamental AnalysisTechnical IndicatorsTrend Analysis

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