Silver: Multi-Week Recovery In Progress
Jack Chan | Dec 06, 2015 03:21AM ET
N: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 has reached levels of previous bottoms and a multi week recovery is in progress.
Summary
Silver is on major sell signal since 2011.
Short term is on buy signal.
Traders should wait for the completion of the recovery and begin shorting again.
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