With Silver Futures up 5% this morning, this 240 Minute Silver Trend Model chart is strongly suggesting the retracement of the past few days has ended and that new highs are on the way and SLV is headed toward the low-to-mid $30's. Silver Futures - 240 Minute Trend Model SLV Intermediate Term Trend Model - Daily SLV Calls Best bet for expected move: SLV Jul 19th $28C