Silver Remains On Major Sell Signal, Speculation Dropping Sharply
Jack Chan | Nov 22, 2015 04:15AM ET
iShares Silver (N:SLV) – on sell 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 has been dropping sharply.
Summary
Silver is on major sell signal since 2011.
Short term is on sell signal.
COT data suggests lower prices overall but could see a bounce anytime.
Traders who are short should consider taking profits and re-enter upon the completion of a recovery rally.
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