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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