This Past Week In Silver

February 1, 2014

Silver is on major sell signal and config is bearish.

SLV – back to sell signal this week.  

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

Speculation decreasing from levels of previous tops. Expect lower prices.

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 is now favorable for lower prices.

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.

The word ‘silver’ originates from the Old English Anglo-Saxon word 'seolfor'

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