With the main market rising, and higher Gold/Silver prices, everything is now in favour (at least for the short term) for the miners. The ETF of GDX, closed +3.85% @ $25.65, the first daily close above the 200 day MA since January 2013.
Arguably, today's daily gain, is reflected even better on the monthly chart
Next upside target is the 30/35 zone, the latter of which is a powerful 40% higher from current levels.
Certainly, the next few weeks..and 2-3 months could see a long awaited multi-month bounce.
...and indeed, I'd still call it a bounce.
*If the main market sees a sig' correction this summer, the mining stocks will get whacked lower, barring some jump >$1500 Gold - which seems completely out of range right now.