Some of our subscribers have asked why we prefer the iShares Silver Trust ETF (NYSE: SLV) rather than the SPDR Gold Shares (NYSE: GLD). For the most part, the SLV exhibits an intermediate-term pattern that I perceive to be much more combustible than the GLD, largely because of the scarcity of overhead significant resistance until prices reach the vicinity of 16.00 (whereas the GLD has serious resistance between 95 and 98). In addition, if in fact the global stimulus money has worked its way into the hands of consumers and manufacturers, then the industrial uses of silver worldwide should create increasing demand for the metal, which compliments its somewhat precious metal status. In the past few minutes, since I annotated the enclosed daily chart, silver prices have climbed from 14.65 to 14.79, so let's make a note of that as we look at the chart. The chart structure of the SLV shows that prices have hit a new multi-month high and appear poised to accelerate into a vertical type of upside extension -- that projects into the 15.50-16.00 target zone.