This Past Week In Silver

July 20, 2013

Silver and silver equities are still basically in a bearish mode.  Nonetheless Silver ETF (SLV) is on a short-term buy signal.  However, long-term silver bullion is nearing i200 ema, which may provide support.  Moreover, silver’s COT show Large Specs are at their lowest levels in years (which may imply an approaching bottom). 


SLV – on short term buy signal. 


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

Large specs are at the lowest levels in years.

Peru became the world’s largest producer of silver in 2012.

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