Silver Price Exclusive Update

August 22, 2020

Silver is on a major BUY signal at the end of July.

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

SLV is on short-term sell signal.

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

Next major resistance at $33, and support at $19.

Speculation pulling back.

Summary

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

Short-term – on sell signal.

A correction is in progress.

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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