This Past Week In Silver

SLV – on buy 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 went from the lowest level in 11 years to levels of previous tops in just four weeks.

Summary

Silver is on major sell signal since 2011.

Short term is on buy signal.

Upside is limited according to COT data, caution is advised.

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.