Jeff Kilburg suggested on CNBC's "Futures Outlook" a bearish futures trade in silver. The precious metal moved higher recently, but Kilburg is concerned about how is it going to perform in the short-term. He sees resistance at $27.28.
Although he is still bullish on silver, he wants to sell the March contract when it reaches $27.25. His stop loss for the trade would be at $27.75 and his target price is at $26.25. Kilburg wants to risk $2,500 to make $5,000 on the trade.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in