This Past Week In Silver

COT data indicates weak support for silver, and unless OI picks up, prices will be under pressure.

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.

COT data is at a divergence: increasing speculation with falling open interests.

Summary

Silver is on major sell signal since 2011.

Short term is on buy signal.

COT data indicates weak support for silver, and unless OI picks up, prices will be under pressure.

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.