I like Silver a lot these days and I recently added SLV to the Covestor Model Portfolio. Two reasons: Silver should be one of the beneficiaries of the renewed investor's speculation for QE3 as well as an attractive technical situation:
Essentially, SLV just broke out of a gigantic "declining wedge" formation, suggesting sellers are exhausted. The size of the wedge is fairly big: it took SLV over six months to create the formation. Edwards and Magee suggest that prices usually do not take off immediately after bullish wedges, so there is still time to get in or increase the position on pullbacks. In general, one has to manage position size especially with Silver because the metal can make very violent moves and the trade can raptly go against you.