Silver Price Exclusive Update

January 28, 2023

Investors

Accumulate positions during an up cycle and hold for the long term.

Traders

Enter the market at cycle bottoms and exit at cycle tops for short term profits.

SLV is on short term sell 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.

Current COT data supports overall higher silver prices.

Summary

Cycle is up.

Trend is up.

COT data supports overall higher silver prices.

We are holding positions in the gold sector.

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.

********

US silver mining began on a large scale with the discovery of the Comstock Lode in Nevada in 1858.

Silver Phoenix Twitter                 Silver Phoenix on Facebook