This Past Week In Silver

Jack Chan
July 20, 2013

Silver and silver equities are still basically in a bearish mode.  Nonetheless Silver ETF (SLV) is on a short-term buy signal.  However, long-term silver bullion is nearing i200 ema, which may provide support.  Moreover, silver’s COT show Large Specs are at their lowest levels in years (which may imply an approaching bottom). 

 

SLV – on short term buy signal. 

       

On long term sell signal, but prices now approaching 200 ema support.

Large specs are at the lowest levels in years.


www.simplyprofits.org

Jack Chan

Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.

Peru became the world’s largest producer of silver in 2012.

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