This Past Week In Silver

August 9, 2014

A top is in according to COT data.

SLV – on sell signal.

Silver remains on major sell signal, however, prices are near 200ema support and a major buy signal can materialize in the months ahead.

Speculation continues to shrink with OI falling. Expect lower prices.

Summary

Silver is on major sell signal since 2011.

Short term is on sell signal.

A top is in according to COT data.

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.

Silver Phoenix Twitter                 Silver Phoenix on Facebook