This Past Week In Silver

November 8, 2014

COT data is not supportive for a major bottom.

ishares silver trust

SLV – on sell signal.

silver spot price 7-nov-2014

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

silver

Speculation and OI are not at levels of previous major bottoms.

Summary

Silver is on major sell signal since 2011.

Short term is on sell signal.

COT data is not supportive for a major bottom.

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.

During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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