This Past Week In Silver

SLV – back to buy signal this week. 

On long term sell signal since 2011, but prices will soon either break out or break down to a new low.

Speculation decreasing from levels of previous tops.

Summary

Silver is on major sell signal and config is bearish. Any buy signal is counter trend trade and risk should be managed. COT data is now favorable for lower 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.