Silver Price Exclusive Update
Silver is on a long term SELL signal, but prices have found support at the 50ema.
Major signals can last for months and years and are suitable for long term investors.
SLV is on short term buy signal.
Short term signals can last for days to weeks and are more suitable for traders.
SILJ is on short term buy signal.
Short term signals can last for days to weeks and are more suitable for traders.
COT data is now at levels of previous tops.
SLV rallying off support.
Summary
Long term – on SELL signal.
Short term – on buy signals.
Cycle is UP.
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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