Options allow traders to profit whether the price of silver rises or falls. Believe the price of silver will rise? Buy a call option. A silver call option gives the right, but not the obligation, to buy silver at a specific price for a certain amount of time (before expiry). The price you can buy silver at is called the strike price. If the price of silver rises above your strike price before the option expires, you make a profit.

To sell silver at a specific price (strike price) for a certain amount of time. If the price of silver falls below the strike price, you reap a profit of the difference between the strike price and current silver price (approximately). If at expiry the price of silver is above the strike price, your option expires worthless and you lose the premium you paid for the option. Options allow traders to profit whether the price of silver rises or falls. Believe the price of silver will rise? Buy a call option. A silver call option gives the right, but not the obligation, to buy silver at a specific price for a certain amount of time (before expiry). The price you can buy silver at is called the strike price. If the price of silver rises above your strike price before the option expires, you make a profit.