Amid a lot of chatter about silver being in a bubble, somebody may have backed it up with...

|By:, SA News Editor

Amid a lot of chatter about silver being in a bubble, somebody may have backed it up with dollars, purchasing 100K deep out-of-the-money puts on the silver ETF (SLV -1.8%). Not necessarily an outright bearish bet, the purchaser could be long silver and using the puts as a hedge.