Silver Price Update Exclusive

March 11, 2017

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

********

 
The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”

Silver Phoenix Twitter                 Silver Phoenix on Facebook