This Past Week In Silver

Jack Chan
August 3, 2013

Silver is giving mixed signals. Short-term the white metal has recently given Buy-Signals. But longer-term silver prices are heading the 200 ema support.  Provocatively,  Large Specs are at the lowest levels in years.

 

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.

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.

During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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