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Tim Bieber/Getty Images(LONDON) More than 530 earthquakes rumbled southwestern Iceland before 7 a.m. on Monday, as magma continued to "slowly" move toward the surface, Icelandic Meteorological Office officials said. "The likelihood of a volcanic eruption is high, and an eruption can be possible on a timescale of just days," a specialist wrote on the Met s website Monday morning. Icelandic officials earlier this month declared a state of emergency near the Mount Fagradalsfjall volcano on the sparsely populated Reykjanes Peninsula. About 3,700 residents of nearby Grindavik were evacuated, according to the Department of Civil Protection and Emergency Management. More than 20,000 earthquakes had struck Iceland s southwest since late October, officials said. The tremors continued last week, as thousands more quakes rumbled the area, destroying roads and maintaining the likelihood of an eruption. The strongest earthquake to strike on Monday was a 2.7 magnitude tremb

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