This Past Week In Silver

Caution is now advised as prices have been rejected at resistance with speculation at the highest level in over a year.

SLV – on buy signal.

Prices rejected at 200ema with a gap down this week.

Silver remains on major sell signal, however, prices are near 200ema support and a major buy signal can materialize in the months ahead.

Speculation is at the highest in over a year.

Summary

Caution is now advised as prices have been rejected at resistance with speculation at the highest level in over a year.

Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

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