I agree that some of the better than expected economic data is pushing silver higher. A barometer I like to use with silver is the price of base metals. This shows how the industrial component of silver is influencing the price. Ticker symbol: DBB is the most user-friendly gauge of demand for industrial metals. SLV has moved closely along with DBB in the last 5 trading days if you take a look at the charts.
Additionally, SLV has broken its 50-day moving average to the upside (it was below it all throughout April). This may entice the technicians to buy a little, too. I’ve seen some people see a cup and handle pattern, which can be interpreted as bullish.
Overall, the fundamentals and the technicals are lining up quite well for silver bulls. I think silver is one of the best “reflation” investments out there.
With 13K shares at stake, I'm delighted as well. 3 or 4 days ago there was a blog on this site that talked about a very large surge in call options for June at the $15 strike price. Anyway, the article seemed very real and I hoped it had validity. Last year a friend reminded me about "sell in May and go away"....I did not heed the advice ....Is it true this year as well??? Looking ahead to The Money Show in Vegas next week, enjoyed in the past. Peace, Ed