Core Viewpoint - The article suggests considering the purchase of a put option on December silver futures due to indications that prices may be nearing a short-term peak, despite recent record highs driven by safe-haven demand [1][2]. Price Trends - December silver futures prices have reached record highs this week, but historical data indicates that prices above $50 do not remain elevated for long [2]. - The Relative Strength Index (RSI) shows bearish divergence, indicating that while silver prices have reached new highs, the RSI is trending downward from its late-September peak [2]. Fundamental Drivers - Safe-haven demand has been a significant factor in driving up silver prices, influenced by the U.S. government shutdown and U.S.-China trade tensions [3]. - Historical context suggests that the U.S. government will reopen, and recent easing of tensions in the Middle East may also impact silver prices [3]. - Although U.S.-China trade tensions are currently high, there is an expectation that both nations will seek to reduce rhetoric to avoid a damaging trade war [3]. Trading Strategy - The article recommends buying a well-out-of-the-money put option on December silver futures, as current high volatility allows for potentially profitable trades even with less expensive options [4]. - The downside price objective for this strategy is set at $40.00 or below, with options expiring in late November [4].