Silver Price Update Exclusive
Speculation has reached a new high and pulled back this week, suggesting lower prices overall going forward.
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 sell signal.
Short-term signals can last for days and weeks and are more suitable for traders.
Speculation has reached a new high and pulled back this week, suggesting lower prices overall going forward.
Silver traders are wise to pay attention to what the speculators are doing. Currently a liquidation has started and should last a few weeks until net long positions are much lower than current level.
Summary
Silver is on a major buy signal. But short-term is on a sell signal.
A correction is in progress.
Courtesy of www.simplyprofits.org
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