This Past Week In Silver

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

SLV – on buy signal.

Silver remains on major sell signal, however, prices are near 200ema support and a major buy signal can materialize in the months ahead.

The breakout in silver last week confirmed the double bottom, and is poised to rally to higher prices overall.

Summary

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