Silver Price Exclusive Update

December 12, 2020

Silver remains on a major BUY signal at the end of November.

Major signals can last for months and years and are suitable for long-term investors.

COT data is supportive for overall higher silver prices.

SLV is on short-term buy signal.

Short term signals can last for days to weeks and are more suitable for traders.

Upside target is $33 with support near $20.

Summary

Long-term – on BUY signal as of end of November.

Short-term – on buy signal.

The multi-month correction may have ended.

We are holding long-term positions.

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.

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

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