The Silver market has made a come back after 5 years of downtrend. I have transferred $385,000 into Silver ETF market in US. The reasons I have listed below:
1. Supply and Demand Inbalance. The demand for silver is larger than supply.
2. On the Technical aspect, Silver had broken it long term downtrend. It had recently made a 52 week high and the Moving average 10 wk and 40 wk has made a golden crosses with both MA now pointing upwards.
3. According to Momentum theory, after 5 years of downtrend. It should be follow by few years of uptrend.
4. Silver and Gold are the real currency. Compare to Money, I prefer to hold Silver and Gold
Because of the above reason, I brought Silver ETF SLV while it is making a pullback to its 10 week MA.
Article by Macao Millionaire Doctor Club
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