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price of silver and the $40 strike

Have to wonder, with the price of Silver in the $33 or higher range (making the melt value of the $40 strike over $48) how long before the Silver content is reduced like the $300 was. The 4 Queens takes a big lose every time a $40 strike walks out of the casino and doesn't get cashed in.
Any guess's or thoughts on the subject?
Walt

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price of silver and the $40 strike
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