Silver open interest for December delivery very high
There are 74k open interest contracts as per yesterday's close. This is a huge number and much higher than last time silver price leaped up.
There should be little doubt volatility will increase up until next Tuesday, however a lot of short covering is needed to avoid getting slammed with large number of physical delivery contracts. Remember that there is not enough physical silver around.
Therefore one should pay attention and I expect much higher price, of course they probably wait until last chance to cover. Follow the smart money.