This Past Week In Silver

February 15, 2014

A pivotal week as silver has broken out and is poised for a multi month rally.

SLV – on buy signal.

Silver broke out from the multi month downtrend confirming the double bottom, and is poised to rally to much higher prices in the months ahead.

As long as speculation continues to increase, expect higher prices overall.

Summary

A pivotal week as silver has broken out and is poised for a multi month rally. Traders should buy any short term pullbacks and expect higher price overall.

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.

We also provide coverage to the major indexes and oil sector.

Jack Chan

Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.

Peru became the world’s largest producer of silver in 2012.