iShares Silver (NYSE:SLV) – on sell signal.
As anticipated, silver is now on a major buy signal, ending the sell signal from 2011.
Speculation remains at an all-time high.
Summary
Silver is on a new major buy signal.
Short term is on sell signal.
Silver is now vulnerable to a multi-week correction which is long overdue.
Caution is advised.
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.