The move is going parabolic into the prior all-time high from the Hunt bubble. IMO it is time to start scaling out of longs/calls into this strength. I just sold 1/3 of my position, placed a trailing stop at $47 on another 1/3, and will offer the rest out if it hits high 48-49s. My plan is to then start accumulating some puts as the price hits 49-50, to bet on a reversal back to the low $40s/high 30s. When gold hit its all time high a few years back, it went a tad higher (slightly above $850) then reversed 10% fairly quickly. Silver, being more volatile and a more speculative/crowded long, would probably fall 15-30% if this pattern repeated. IMO the top is likely to be somewhere from $48-52. As a hedge against a crazy blowoff rally, putting a small amount of capital into $55 calls might not be a bad play.