SLV - Not to be outdone by Gold, Silver making moves of its ownLooking at Silver's weekly chart, it has finally cleared the overhead resistance that's been keeping it down for years. I think long dormant bulls came to life with the Fed's recently stated intention to raise inflation (yes, as backwards as that sounds, that is what was said). Rising inflation = weaker dollar = stronger precious metals. Silver tends to be more volatile than Gold so if this is the bottom with the bulls ready to take the reins, I think this is a great spot for a long position. I will be curious to see how quickly the price action moves past the dotted white line. It has been a strong support area, so it may prove to be an equally strong resistance area. Regardless, I like what I see with Silver and I'm buying the breakout.
