SLV calls are just playing around...even more so than this play. Bought them at 68 cents, watched them fall to 12 cents, then watched them go over $1.50, before falling back to near 80 cents again. Never a dull moment there!
Most of the money goes into gold and silver, which is strictly buy and hold. The time for using them will be the time when transactions are made using gold and silver directly.
Techtrader didn't have small profit objectives...but in the end, he took what he could get.
Large institutional investors aren't nimble enough to sell off on anything but catastrophic news, but with the Azimuth option nearing expiration, they won't be buying more either until that issue is settled. That leaves the little guys, who will move the price in the direction the wind blows them...which, right now, is due south.