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Chartology: Does Silver Have the Mettle to Move Higher?

Silver hit a 31-year high Thursday, topping $46 an ounce. It's unstoppable in some people's eyes, but what about the Fast Money traders?

"Silver is in for a day where it goes up $7 to $8 in a 24-hour period — be it from $45 to $52 or $65 to $73, but it's going to happen," said Guy Adami. "Everybody has been trying to fade this trade ... my point is there's a lot more room to this trade."

Tim Seymour thinks silver also has more room to run, but advised investors to steer clear of miners, whose stocks have flatlined even as the precious metal has run up.

"A lot of the producers, people don't believe prices," he said. "They can't rally when people think it's a bubble."

Joe Terranova says silver is a "perfect looking chart," and is an opportunity for investors to get in high and sell higher.


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Trader disclosure: On April 21, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Doug KassSeabreeze Partners Management Owns (GM); Dennis Davitt Owns NYX calls

For Brian Kelly
Accounts Managed By Brian Kelly Capital Own (DIA)
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Terranova is Chief Market Strategist of Virtus Investment Partners, LTD

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For Stephen Weiss
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Brian Kelly: No Disclosures

Jens Norvig: No Disclosures

Scott Nations: No Disclosures

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