Silver Price Exclusive Update

July 25, 2020

Silver is on a major SELL signal at the end of June.

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

SLV is on short-term buy signal.

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

Data according to COT is favorable for overall higher prices.

Broke resistance this week. Next major resistance at $33.

Summary

Long-term – on SELL signal as of end of June, but may change at month end.

Short-term – on buy signal.

Data supportive for overall higher 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.

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During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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