This Past Week In Silver
COT data suggests more selling is likely before a tradable bottom is in place.
SLV – on sell signal.
Silver remains on major sell signal, however, prices are now at 200ema support and a major buy signal can materialize in the months ahead.
Speculation and OI are not at levels of previous bottoms.
Summary
Silver is on major sell signal since 2011.
Short term is on sell signal.
COT data suggests more selling is likely before a tradable bottom is in place.
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