There is a strange anomaly going on in the Silver market for the last one month.
The Silver etf share price has been falling but the long expiry call options are stabilising and going back up. Also the Open Interest is huge at 81k which means ALOT of people are holding it.
The arrows on the chart show the SLV share price and the corresponding option premium or “price”.
Activity in the options markets often provide signals about the future.