Silver surges 3.9% to new highs while market volatility hits record lows. Thomas Westwater presents his bullish copper thesis, citing supply disruptions from mining accidents and strong economic indicators supporting continued upward momentum. Mike plans to hold his SPX positions through year-end due to low volatility environment, with 8 days remaining and adequate profit margins. The team discusses potential short plays in silver with diagonal spreads offering modest profit potential on any reversal. The VIX hits 13.80, the lowest level of the year, making volatility plays challenging. Mike suggests SVXY as an easier trade after volatility spikes rather than trying to time VIX movements directly. Mike enters an SPX put butterfly (6600/6700/6800) for February as a cheap downside hedge, while continuing to work orders on copper and silver positions despite limited market action heading into the holiday break.

Silver surges 3.9% to new highs while market volatility hits record lows. Thomas Westwater presents his bullish copper thesis, citing supply disruptions from mining accidents and strong economic indicators supporting continued upward momentum. Mike plans to hold his SPX positions through year-end due to low volatility environment, with 8 days remaining and adequate profit margins. The team discusses potential short plays in silver with diagonal spreads offering modest profit potential on any reversal. The VIX hits 13.80, the lowest level of the year, making volatility plays challenging. Mike suggests SVXY as an easier trade after volatility spikes rather than trying to time VIX movements directly. Mike enters an SPX put butterfly (6600/6700/6800) for February as a cheap downside hedge, while continuing to work orders on copper and silver positions despite limited market action heading into the holiday break.