This Past Week In Silver

COT data is not supportive for a major bottom.

SLV – on buy signal.

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

Speculation and OI are not at levels of previous major bottoms.

Summary

Silver is on major sell signal since 2011.

Short term is on buy signal.

COT data is not supportive for a major bottom.

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.