Jim Rogers (see recent posts) was bullish on silver last week on CNN, as well as sugar, oil and commodities in general as usual. Video below courtesy of CNN Money.
"If I had to buy a precious metal I'd rather buy one of the depressed ones like silver or palladium or something, but I'm not selling my gold on any circumstances."
"I would prefer to buy silver just because you know silver is nearly 70% below its all time high, that's awfully depressed, so if I had to buy a metal I would urge your viewers to think about silver."
SLV (iShares Silver Trust ETF) - FreeStockCharts.com
Silver Comex Future (Sep 2010) - OptionsXpress
On Thursday 6/24/2010 $SLV was on the "top bullish" side of my ISE Put/Call Widget. As you can see, SLV had an ISEE Ratio (calls opened/puts x 100) of 1,132, Calls 3,420 and Puts 302. Look at the prints at 0.68 as well. A total of 4,660 Aug 19 Calls traded with 1,242 open. Today the call is trading at $0.80 with 4,967 contracts open (+17.6%, nice job for a days pay).
Courtesy of ISE.com
Also, remember the big volume on 6/17 in $HL's (Hecla Mining) January 2012 $2.5 Calls at $3.20? The stock was up 5.28% on Friday and the call closed at $3.30 (+3.12%) with a 3.45-3.65 bid/ask. Volume was under open interest (34k vs. 21.7k) but I see 4,800 contracts were opened. That contract will increase if $HL breaks out of the symmetrical triangle and SLV breaks out. HL has business risk along with commodity risk.
Relevant link: Hiyo Silver by What Are My options? on 6/25