Silver Price Update

Speculative sentiment according to open interests is supportive for overall higher prices.

Silver is on a major buy signal since early 2016.

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.

COT data N/A this week.

Speculative sentiment according to open interests is supportive for overall higher prices.

Summary

Long-term – on major buy signal.

Short-term – on buy signal.

A new up leg 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.

www.simplyprofits.org

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