Silver Price Update

April 8, 2017

A correction is in progress.

Silver is on a major buy signal since early 2016.

Major signals can last for months and years and are suitable for long-term investors.

SLV is on short-term sell signal.

Short-term signals can last for days to weeks and are more suitable for traders.

Speculation is at a new all time high this week!

Speculation is at a new all time high this week, yet prices remain well below the 2016 high. This type of divergence is a warning to buyers: manage your risk.

Summary

Long-term – on major buy signal.

Short-term – on sell signal.

A correction is in progress.

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.   www.simplyprofits.org

********

 
The symbol for silver ‘AG’ comes from the Latin word ‘agentum’ meaning silver.

Silver Phoenix Twitter                 Silver Phoenix on Facebook