Silver Price Exclusive Update

Silver is on a long term SELL signal.

Major signals can last for months and years and are suitable for long term investors.

SLV is on short term buy signal.

Short term signals can last for days to weeks and are more suitable for traders.

SILJ is on short term sell signal.

Short term signals can last for days to weeks and are more suitable for traders.

Speculation according to COT data is now at level of previous bottoms.

Expect overall higher prices.

The zigzag overlapping price pattern is corrective, and when it completes, we should see a new bull leg up to new highs.

Latest COT data suggests the correction is ending.

Summary

Long term – on SELL signal.

Short term – on mixed signals.

Cycle is down but bottoming.

We are holding a core position in the gold sector.

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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