Silver Monthly Chart Says It’s Time to Buy Again

Sure it could go a little lower in the near term, but I would not bet on it, and if it does, I think it won’t stay there for long. We tend to get too cuaght up in the near term, day to day moves and news, looking at a monthly chart forces us to sit back and see the big picture, clearly lots of upside potential vs. not much downside.

And since the miners are the leveraged way to play the metals, and they have underperformed the stock market (SPY) for so long, that is where I have focused our investments. Again, this monthly chart shows the HUI index could very easily beat the S&P 500 for years to come.