This Past Week In Silver

January 25, 2014

SLV – on short term buy signal.        

On long term sell signal since 2011, but prices now approaching 200ema support.

Speculation now approaching levels of previous tops.

Summary

Silver is on major sell signal and config is bearish. Any buy signal is counter trend trade and risk should be managed. COT data suggests that speculation is approaching levels of previous tops and more selling can start anytime.

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.

1 cubic foot of silver weighs approx 655 pounds whereas 1 cubic foot of gold weighs more than half a ton.

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