Profiting from silver going up or down

SLV is the ETF that tracks silver. Please click here to get buy/sell alerts on SLV.

These are the current short term and medium term straddles as of 11:20AM. These allow investors to profit whether the underlying moves up or down, as long as it moves.

These were computed with StraddlesCalc tool (click to access), which shows the maximum move required to achieve profitability.

The short term move needed is just over 7%, and the long term move is approximately 18%.