How We Made 21% on Silver (SLV) in Just Three Days

From The Editor Larry’s Note: On October 7, Washington threatens the U.S. dollar… Your bonds. Your cash savings. Even the dollars in your pocket. They will all be put at risk. That’s why I’m offering you a free seat at my upcoming emergency briefing. There, I’ll share how banks have already turned this situation into a $22 billion windfall… and a three-step process you can use to go after a piece of it. Simply click here to automatically add yourself to the guest list. How We Made 21% on Silver (SLV) in Just Three Days We banked a 21% gain on an SLV call option in just three days by waiting patiently for a pullback rather than chasing silver's rally… Written by Larry Benedict Published on Sep 23, 2026 One thing I’ve learned over more than 40 years of trading is that you don’t always need a big market move to make good money. Often, the better opportunity comes after the initial move has already happened. Rather than chasing the market higher, you wait for a pullback and see whether buyers step back in. Then you can look for an opportunity to capture the next leg. That’s exactly what we did with the iShares Silver Trust (SLV). Silver has been particularly volatile this year. In January, it topped out at around $121. Then, after nearly halving in just a few days, it’s continued to make enormous swings in both directions. After watching SLV rally strongly from its July lows, we waited for the price to come back to an important technical level. And when buyers stepped in, we pounced on the opportunity, banking a 21% gain in just three days. So let’s see how the trade panned out…

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Waiting for the Setup On the chart below, you can see that SLV has been on quite a ride. Having traded above $80 in May, it fell sharply over the following two months before bottoming around $50 in July. From there, momentum steadily built, as we can see in the Relative Strength Index (RSI). SLV rallied back above $60 by late August. Check out the chart: iShares Silver Trust (SLV) Source: eSignal But rather than chase that rally, we waited. SLV pulled back through the first half of September as buying momentum waned. That eventually brought it back to its 50-day moving average (MA, blue line) around the $56 level. MAs are something I watch closely as they can act as both support and resistance. The other thing I kept close tabs on was the RSI. Despite pulling back, the RSI held around the 50 level. And with momentum and price both holding support, we were looking for momentum to turn higher as confirmation that buyers were stepping back in. So we bought a call option to capture an anticipated rebound. (A call option typically increases in price when the underlying stock rallies.) That call option cost us $3.10, which equates to $310, as an option contract is for 100 shares. And the response came quickly enough… Tune in to Trading With Larry Live Each week, Market Wizard Larry Benedict goes live to share his thoughts on what’s impacting the markets. Whether you’re a novice or expert trader, you won’t want to miss Larry’s insights and analysis. Even better, it’s free to watch. Visit us on YouTube to catch the latest! Booking a Quick 21% Gain SLV rallied off its 50-day MA and pushed back toward the $60 level. Given silver’s volatility, we sold our call option just three days later for $3.75 (or $375 per contract) – a quick 21% gain. The important takeaway: We weren’t trying to predict SLV’s next high, or where it would trade a month or two out. Instead, we waited patiently for a pullback after the initial rally. We identified a setup where price and momentum were giving us clues that buyers were starting to re-enter the market. There’s no point in being greedy. Once we got the move we were looking for, we took our profit off the table so we could get ready for our next opportunity. To be clear, because options use leverage, they magnify both profits and losses. And because options expire, timing matters. But when the setup is right, they can turn a modest move in the stock into a sizable return, as this trade did. We didn’t need SLV to make an enormous move. We just needed to identify the right setup and be ready when it arrived. And with that money banked, we’re ready for our next trade. Happy Trading, Larry Benedict Editor, Trading With Larry Benedict Get Instant Trade Alerts on Mobile! Click the icon below from your mobile device to download The Opportunistic Trader app today for one-tap access to trade alerts, issues, and model portfolios for all of Larry’s services. Available in the app store on Android and iPhone. More stories like this Read the latest analysis on hot growth stocks, and market-moving developments You Don’t Need to Be First to Call the Market Top The Fed just hiked rates. Yields are near 5%. Oil prices are high. Yet stocks won't fall. Here’s why betting against this market is a costly mistake… Sep 22, 2026 • 3 min read This Semiconductor Chart Level Is the Key to the AI Trade Semiconductor stocks keep stalling at one key level. Here's why SMH's 50-day moving average is the line to watch for the entire AI trade… Sep 21, 2026 • 3 min read The Fed Hiked Rates – Now Comes the Harder Question The Fed hiked rates for the first time since 2023 – but the real question is what comes next. Here’s why chasing the first move is a mistake… Sep 18, 2026 • 3 min read 1125 N Charles St, Baltimore, MD 21201 www.opportunistictrader.com To ensure our emails continue reaching your inbox, please add our email address to your address book. This editorial email containing advertisements was sent to penunggangbadai.moneyblog@blogger.com because you subscribed to this service. To stop receiving these emails, click here. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us here. © 2026 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. Privacy Policy | Terms of Use

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