This Past Week In Silver
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 www.simplyprofits.org.