Silver Price Forecast: The White Metal Is On A Major Buy Signal

Silver is on a long-term buy signal.

Long-term signals can last for months and years and are more suitable for the long-term investors.

SLV is on a short-term buy signal.

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

Speculating is what drives prices both up and down.

Current activity is near levels of previous tops, caution is advised.

From a longer term perspective, silver has broken resistance with support established.

Silver Price Forecast Summary

Silver is on a major buy signal and short-term is also on a buy signal.

However, speculative activity according to COT data suggests that a pullback is imminent, therefore, investors are wise not to chase current prices but wait for the next buying opportunity.   www.simplyprofits.org

Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple investing model which provides us with simple investing decision making. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets.

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