This Past Week In Silver

February 8, 2014

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.


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.


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.

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

The symbol for silver ‘AG’ comes from the Latin word ‘agentum’ meaning silver.