You are witnessing a big gain /shake out /and another uptrend starting in silver. The target from this month has been 18 for silver and over 20s for SLW. I wonder if the target will be taken before the month ends. Anyhow, Slw has been outperforming it's miner counterparts and has shown great strength into minor pullbacks. Also one can not ignore the massive OI opened in the last week. (silver plays) SLV - SlW- TAHO
I currently have strike 18 SLW may 20 a longer swing hold. (no need to stress I can halve and add to position as I day trade) I entered early and have been taking profit and adding.. as Silver volatility increases.