$SLV silver staying very strong +5% now on day and seeing IV30 surging in the options up 14% today there into the breakout... some sweet gains on my calls and spreads today https://t.co/gtlwo0M4Ja
Silver looks about ready to break the year to date high.
$SLV silver really breaking out now +4% and clearing the coiled range, following gold higher finally and recent big call buyers in September https://t.co/bDORfLaaqN
Commodities have shown a strong start to June 2025, with the Bloomberg Commodity Index (BCOM) rising 2.3% on the week and up 5.5% year-to-date. Key contributors to this rise include natural gas, WTI and Brent crude oil, gas oil, and copper, which together represent nearly one-third of the BCOM index. Precious metals have also experienced notable gains, particularly silver, which surged over 5% during the US trading session. Silver prices broke through resistance levels, reaching $33.80 and surpassing $34.00, with the next resistance level identified at $34.45 and a potential retest of $35. This breakout follows a rise in gold futures and reflects increased investor interest, as indicated by a 14% surge in implied volatility for silver options. The market momentum has benefited investors holding call spreads in gold (GLD) and shares in Freeport-McMoRan (FCX). Overall, the commodities sector is exhibiting broad-based strength early in the month.
