Spot silver prices are up about 2% today, as they follow the lead of gold prices.  Silver prices could be on the verge of upside acceleration.

For those of you who cannot or will not use December silver futures to participate in the anticipated upmove, a couple of equities, CDE and PAAS, are silver mining stocks that appear to have considerable upside from current levels.

In the case of CDE (3.97), as long as critical support between 3.60 and 3.40 remains intact on any forthcoming weakness, my work points to 5.00 as the next meaningful target zone.

In the case of PAAS (16.76), as long as critical support between 15.20 and 14.75 remains intact on any forthcoming weakness, my next optimal target is 20.00. Be advised that PAAS is a very volatile stock and moves.  It is not for the faint of heart.

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.