The writer is using the iShares Silver Trust ETF which is priced a bit cheaper than the futures but either way this is a big deal.
See also last Thursday's "Chartology: A Possible Trend Change as Gold Rises Above Its 200-Day Moving Average (GLD)":
Following up on my earlier reasoned analysis, "*#$ @! Swiss".Now $1300.20 up $6.0.
Feb. gold $1262.10 up $27.10....
From Alpha Global Investors: