JOIN ME LIVE AT 9 AM ET FOR: WATCHLIST WEDNESDAYS
If you’ve been watching precious metals lately, you’ve probably noticed the pain.
Gold has pulled back about 10.5% from its recent highs, and silver has dropped roughly 16%. That’s the kind of move that either makes you panic or gets you excited — and I’m firmly in the latter camp.
Here’s why: Silver is now testing its 50-day moving average around $45, which is exactly the kind of technical level I look for when building long-term positions. I’m not trying to nail the exact bottom — I’m dollar-cost averaging into weakness using a systematic approach that takes emotion out of the equation.
How I’m Building Positions in Precious Metals
My strategy right now involves scaling into multiple vehicles: Central Fund of Canada (CEF), Sprott Physical Gold Trust (PHYS), SPDR Gold Trust (GLD) and iShares Silver Trust (SLV).
I’m allocating between $1,000 and $2,000 per vehicle as we approach these support levels.
And I’m not rushing this…
If silver consolidates here and then takes one more leg lower, I’ll measure that move and potentially add more. The beauty of this approach is that I’m not betting on perfect timing — I’m positioning for the long-term move while respecting the technical structure.
On the options side, I’ve got a ratio spread working. The call side is positioned at $51, which sits above the all-time highs. That means if silver rallies back to those levels, I’m looking at 35-40% gains from current prices, plus I keep the premium I collected.
If it gets called away at all-time highs, I’m perfectly fine with that outcome.
Why I’m Not Protecting My Put Position Yet
Here’s where it gets interesting: I have a protective put that’s now showing profit as silver falls, but I’m deliberately not closing it yet. I want to see if this develops into a classic “high, low, lower high, lower low” pattern that would signal more downside ahead.
If that happens, I’ll be ready to add more exposure. If silver bounces hard from here, the structure I’ve built still works in my favor.
One thing that caught my attention during this whole move: Even as gold and silver were making new highs over the last 30 days, the put skew was insane — puts were actually very expensive.
That tells me institutional traders were paying huge premiums for downside protection even during the rally. Smart money was hedging while the crowd was celebrating.
That dynamic reinforces my view that precious metals remain a strategic long-term hold for portfolio diversification, but I’m content to accumulate on weakness rather than chase rallies.
The 50-day moving average is my technical reference point, and right now, it’s doing exactly what support levels are supposed to do.
This isn’t about calling the bottom. It’s about having a plan, sticking to it, and letting the market come to you.
I’ll see you in the markets.
Chris Pulver
Chris Pulver Trading
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram:https://t.me/+av20QmeKC5VjOTc5
- YouTube:https://www.youtube.com/@FinancialWars
- Twitter:https://x.com/realchrispulver
- Facebook: https://facebook.com/therealchrispulver
Important Note: No one from the ProsperityPub team or Chris Pulver Trading will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. The ‘Liquidity Levels’ Wall Street Hides From You
The stock market’s a gamble — even Warren Buffett called it a casino.
But here’s the catch…
With enough money, you can make yourself right even when you’re wrong.
Stock prices move on sentiment — and the billions behind it. Confidence brings massive buy orders, prices rise. Fear brings sell orders, prices fall. It’s not emotion that moves markets — it’s liquidity.
You and I don’t have hundreds of billions to throw around. So the key is getting on the side of the market makers who do.
Using today’s trading tech, you can now spot where those big players hide massive buy orders — what I call “Liquidity Levels.” When price hits them, it can spark a 24-hour rally.
I recently hosted a live session showing how to identify these levels. While I can’t guarantee profits or prevent losses…
You Can Watch the Broadcast Here!
We develop tools and strategies to the best of our ability but no one can guarantee the future. There is always a risk of loss when trading. Past performance is not indicative of future results. From 9/18/24 – 10/23/2025 we have seen a 57% win rate on live trades with a 18% average return (winners and losers) and a 91% average winner with a hold time of less than 24 hours.
