On CNBC's "Futures Outlook," Jeff Kilburg of KKM Financial said silver is going higher. He wants to use the December futures contract to make a bullish bet.
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Kilburg wants to buy the December contract at $27.25, with the target price of $28.50. He would put a stop loss at $26.75. He is risking $2,500 to make $6,250.
Kilburg is bullish on silver because it moved above its 50-day moving average and he expects it to revisit its August highs. A weaker U.S. dollar and the Fed policy are additional reasons to buy precious metals, thinks Kilburg.