Jay Taylor's weekly update was quite positive on future silver prices. I'm sure he would be happy for me to post the following short excerpt from his newsletter although he doesn't recommend ECU at this time.

Silver: Closed at 13.36 on falling momentum but basing and supporting near 12.85. We have completed new rally waves one and two with the larger trading wave three beginning next week. Support is 13.28 and resistance is 13.85.

We forecast the next wave to carry silver back to 16.31-16.35 and then up to 19.85 with a pause the second week of September. Our November high could reach 21.50 before profit-taking. The 2009 spring rally should deliver 26.50 as a minimum with a maximum high of 30.74 next March. Larger buying is forecast for next week.