Silver: Weekly chart.

A good friend reminded me that since I am looking to hold silver long term with a crisis mentality, I should be looking at the weekly chart. Indeed!

200w MA is rising relentlessly and is at US$25.55 an ounce. The 50w MA is at US$31.09 an ounce. We are seeing higher lows and higher highs on the MACD, a pure price momentum oscillator. Long term momentum is positive and strengthening.

There is a chance that supports could be tested which would probably see strong buying interest.