Analysis Report: SLV Put LEAPs Discussion (Reddit)

On 2025-11-30 (EST), a Reddit user questioned buying SLV Jan 2028 put LEAPs (strike $40, cost ~$4, breakeven $36) citing past silver crashes. Counterarguments highlighted theta decay, liquidity risks, fundamental support (supply deficit, industrial demand), and inverse ETF alternatives like ZSL.

SLV rallied 17.24% to $51.21 (Oct-Nov 2025), reducing put value via price appreciation and theta decay. ZSL (inverse) fell 30.53%.

Fundamentals: 5th successive silver supply deficit, industrial demand (solar/electronics), and Fed rate cut hopes support upside. No extreme WSB hype detected yet.

Metric	Value	Source
SLV Price	$51.21	[1]
SLV Monthly Return	+17.24%	[1]
ZSL Monthly Return	-30.53%	[2]
Silver Supply Deficit	5th successive	[4]

• Direct: SLV (bullish), ZSL (bearish), SLV puts (bearish)
• Related: Silver miners (PAAS, AG), solar/electronics sectors

1. SLV Jan2028 put liquidity [6]
2. Recent WSB activity [5]
3. Exact theta decay rates

1. Theta decay erodes put value over time
2. Wide bid-ask spreads may hinder exit
3. Fundamental support could keep prices elevated

[0] Ginlix Analytical Database
[1] SLV Price Data (2025-10-30 to 2025-11-28)
[2] ZSL Price Data (2025-10-30 to 2025-11-28)
[3] Ticker News Tool (SLV)
[4] Web Search: Silver Supply Deficit 2025
[5] Web Search: SLV WSB Mentions
[6] Web Search: SLV Put Liquidity

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: 1a2b3c4d5e6f7g8h9i0j
: Valid for 30 days (Expiry: Dec 30, 2025)
: This is not investment advice. Always conduct thorough research.