Silver Price Exclusive Update - August 10, 2024

Our cycle indicator is now DOWN.

Investors

Accumulate positions during an up cycle and hold for the long term.

Traders

Enter the market at cycle bottoms and exit at cycle tops for short term profits.

Speculation has set a new high.

Long term investors must wait for the next buying opportunity which is at least a few months away.

SLV is on short term sell 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.

Silver is on a long term BUY signal.

Summary

Cycle is down.

Trend is down.

$$$ We are waiting for a set up to trade the short side.

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.

********