Bite the silver bullet

There's been a succession of breakouts during the past week (crude, gold, yen...), but silver has yet to join the party. I think it's almost time for silver to shine, especially if we're entering the next up leg in precious metals. Silver tends to outperform gold during strong bull runs, and I plan to be slightly overweight silver. A healthy pullback would provide a nice opportunity to re-shuffle my gold and silver position.

Silver: imminent breakout


3-year silver:gold ratio