US Top News and Analysis | Parabolic AI rally has bulls eyeing a comeback for this one-time meme metal trade
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The article discusses how the AI‑driven market rally is shifting attention to silver, a “meme metal” that has recently spiked 7% to its highest level since March, while copper hit a record $6.50. Both metals are crucial for the thermal conductivity and wiring in data‑center hardware that powers AI demand, but retail interest has gravitated more toward silver. Options activity on the iShares Silver ETF (SLV) reflects bullish sentiment, with call buying outpacing puts more than two‑to‑one and over 90,000 calls versus just 31,000 puts. One notable trade involved selling 1,000 $70‑strike puts for $259,000 and using the proceeds to buy roughly 1,900 $80‑strike calls, creating a $1 million exposure that bets on an 11% price rise over the next 5½ weeks. Despite SLV’s 300% surge since early 2025, it has lagged behind the broader semiconductor rally this year, as interest‑rate dynamics and commodity volatility have weighed on precious‑metal performance.


