i'm joined now by lou grasso.e are looking at silver prices that are the best performing commodity year-to-date up over 20%. why is there so much momentum in silver? >> silver really got trashed at the end of the year. it sold off from a high of about $35, $36, got pounded down to $26. silver's been a great performer year in and year out. so i think what happened is money just rushed back into it. i think it might have gotten a little bit ahead of itself right now. i do expect silver to probably go and test $37, $38 some time by mid-year. but i think we're poised for a bit of a pullback down to $32. >> do you think what is rising gold prices whether it's the euro or what we're seeing in terms of the greek debt deal, is that also driving silver prices? or are there some other fundamental factors with silver? >> silver does have a lot of fundamentals. a lot of industrial demand. there's a supply of about 750 tons of silver every year. and when you look at that and most of that is taking up by industrial production,

let's bring in lou grasso at millennium futures.tart with silver which has fire in the belly today. what's going on with the impressive rally? >> silver up about $3 in the last week. today we had an expiration of march options. i think that fuelled a little volatility and pushed it to the upside. we'll see how it holds over the next couple days. silver's been looking great. >> gold also looking good. i think it's up about 13% year-to-date. pushing just marginally higher, but it did break a key resistance level yesterday, didn't it? >> it did. around 1765, 1770, it had butted up against that a few times and failed fairly miserably down to the low to mid-1600s. i'm expecting us to test the 1810 range, which i think if we can get above that, we'll really start to push up to the 1900 level again. >> 1810 is what we're watching. lou, thanks so much for joining us today. >> thank you. >> ty. >> and as we've been telling you, mandy, the apple shareholder meeting underway. shares of the tech titan trading higher right now surging 27% this y