Silver On Major Sell Signal, SLV On Buy Signal
Jack Chan | Oct 11, 2015 04:39AM ET
iShares Silver (NYSE:SLV) – on buy signal.
Silver remains on major sell signal, however, prices are now at 200ema support and a major buy signal can materialize in the months ahead.
Speculation is now approaching levels of previous tops.
Summary
Silver is on major sell signal since 2011.
Short term is on buy signal.
COT data is favorable for slightly higher prices but could be limited from here.
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