Silver Price Exclusive Update

September 26, 2020

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

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.

COT data favors overall lower silver prices.

Support just below $20 must hold.

Summary

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

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.

********

 
1 cubic foot of silver weighs approx 655 pounds whereas 1 cubic foot of gold weighs more than half a ton.

Silver Phoenix Twitter                 Silver Phoenix on Facebook