This Past Week In Silver

A bear market bounce is at completion and expect lower prices ahead.

SLV – on buy signal.

Silver remains on major sell signal, however, prices are now at 200ema support and a major buy signal can materialize in the months ahead.

Speculation spiked up to levels of previous tops this week.

COT data suggests that a top is now in for silver…and expect much lower prices in coming weeks.

Summary

Silver is on major sell signal since 2011.

Short term is on buy signal.

A bear market bounce is at completion and expect lower prices ahead.

Caution is advised.

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.