This Past Week In Silver

August 24, 2013

Silver is giving short-term buy signals. Moreover, speculative Open Interest is rising, which suggests higher prices down the road.


SLV – on short term buy signal.        

On long term sell signal since 2011, but prices now approaching 200ema support.



Speculation on the increase but OI is lagging which is a divergence, worth watching.

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

Gold falls on firm dollar, China rate cut lends support