How Long to Hold Silver?

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As I've said repeatedly recently, I think we've got a bounce in play which – – I hope!! – – I can ride until it reverses. One of my key longs for this bounce is the silver ETF – have you ever heard of it? – symbol SLV.

The question, of course, is how long to hold on to it. There's a gap to fill, which is at 38.01, so that's an easy target. I think it might push higher, though, up to the Fibonacci retracement of the entire run, which is at 39.81. That's where I plan to get off, and if we get that high, that's also where I think the entire market is going to fall to pieces.