This Past Week In Silver

February 7, 2015

COT data is not supportive for higher prices overall

SLV – on sell signal.

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

COT data reveals that speculation is once again at levels of previous tops.

Summary

Silver is on major sell signal since 2011.

Short term is on sell signal.

COT data is not supportive for higher prices overall.

Traders should sell into any bounces.

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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.

Most silver is produced as a byproduct of copper, gold, lead and zinc refining.

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