Is it possible that silver (or in this case the ETF SLV) is running this high to fill an open gap on the weekly chart from 2012? It's done that this week so we'll see how much more this can run, if the gap fill was the target. It has surpassed it, but that could just be bubble momentum.
https://www.tsptalk.com/images/mb/2020/080620c.gif
