Silver Price Update

Speculative activity is now at levels of previous bottoms.

Silver is on a major buy signal since early 2016.

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

SLV is on short-term sell signal.

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

Speculative activity is now at levels of previous bottoms.

The sharp sell off of the past three weeks has removed all of the bullish sentiment in silver speculation.

Summary

Long-term – on major buy signal.

Short-term – on sell signal.

The spike down is over and we should see a recovery in silver prices.

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.

www.simplyprofits.org