This Past Week In Silver

September 7, 2013

Silver is giving mixed signals depending on time frame. However, speculative Open Interest is rising, which suggests higher prices overall.

 

SLV – on short term buy signal.        

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

 

 

 

Speculation on the increase but OI is lagging which is a divergence, worth watching.

 

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.

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

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