Silver moving to the big time!!

Tomorrow the new silver ETF begins trading under the ticker SLV. Let's review the rationale for why SLV may be a potentially good investment:

1. The fed chairman today spent the day fretting about inflation in front of congress. This is likely his ammunition to continue to raise rates.
2. The value of the dollar continues to tank. When dollars aren't as valuable, the things consumers want get more expensive. From a technical standpoint the 50 day MA is now crossing over the 200 day MA for the dollar.
3. Silver has sold off considerably over the last week or so and is now sitting around an RSI of about 50. For investments with strong, longer-term upward trends (as silver has) buying at an RSI of 50 is typically rewarded with the continued strenth of the upward trend.