Silver Price Exclusive Update - August 05, 2023

Our cycle indicator is DOWN.

Investors

Accumulate positions during an up cycle and hold for the long term.

Traders

Enter the market at cycle bottoms and exit at cycle tops for short term profits.

SLV is on short term sell signal.

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

SILJ is on short term sell signal.

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

Current data favors lower silver prices overall.

Silver is on a long term BUY signal.

Summary

Cycle is down.

Trend is down.

The correction continues.

We are now in cash and wait for the next cycle bottom.

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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