This Past Week In Silver
Silver and silver equities are still basically in a bearish mode. Nonetheless Silver ETF (SLV) is on a short-term buy signal. However, long-term silver bullion is nearing i200 ema, which may provide support. Moreover, silver’s COT show Large Specs are at their lowest levels in years (which may imply an approaching bottom).
SLV – on short term buy signal.
On long term sell signal, but prices now approaching 200 ema support.
Large specs are at the lowest levels in years.
Jack Chan began investing in 1976, and became an active trader in 1998 using technical analysis. He began sharing my trading model with a few like-minded fellow traders in 2001, and the circle began to grow. The teaching and mentoring became a full time job, and by late 2003, he had to leave the family business and launched his advisory service in early 2004. Visit his website at www.simplyprofits.org.