Silver Options Strategies: How to Pay a Bargain Price for the White Metal

In last Wednesday's Money Morning special report on silver , several of our financial gurus projected higher prices ahead for "the other precious metal." Since then, silver has climbed about 5% -- hitting $43 an ounce yesterday (Monday). Silver is now nearing its record high of $50.35 set in January 1980. For those with significant profits already in hand from silver's hot streak, Money Morning has offered some strategies for protecting those gains against a near-term pullback . But if you haven't yet jumped on the silver bandwagon, don't worry. You can still climb aboard without risking too much.