An excellent article appears this month in THE TRADERS JOURNAL regarding the outlook for SLV. It reviews the rationale behind its formation in 2006 as a tracking fund as well as its growth in physical silver holdings and the related rise in silver prices. The conclusions reached are that as silver ownership continues to rise through the ETF, so will prices. We appear to be in the earliest phase of a prolonged rise in silver prices. I will be addinng to my holdings on dips. Currently silver is consolidating near its lows for the summer and so this may be a good time to increase a position or open a new one. I expect a rise to and over $21 in the ETF.