MWIE-SLV-iShares-Silver-Trust-Jerremy-Newsome-Investing

Silver peaked at $48.35 cents. It then dropped in one week to $35, a more than 20% drop. As Andrew Stotz mentioned, Jerremy Newsome was buying on leverage so he not only was buying the underlying position but was buying something that was leveraged and “out of the money”, which simply means instruments that had zero value – or represented pure speculation.