This Past Week In Silver

SLV – on sell signal.

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

Speculation was at the highest in over a year and tapering off, but currently not at levels of previous bottoms yet.

Summary

Silver is more speculative than gold and continues to under perform which implies more weakness for the intermediate term.

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.