Yesterday, I increased my long Silver position after the prices confirmed a recent swing low. Long term charts look extremely bullish and one could argue that the metals (Gold as well) are resuming their long-term uptrends:
Here is a daily Silver chart with just a one year of price history:
I would argue that Silver is still in a trading range and as long as prices do not trade above $37, I would be careful arguing for a resumption of the long-term uptrend.
Since I have a position, I plan to take partial profits at the top of the range and then see how prices act from there. Will aggressive sellers emerge or will price stay at the top of the range or even blast right through it? I can't and don't have to predict what will happen, but I still can make money on this trade.