We are buyers and traders here, our entry is in the $15s and our exit short term is in the $20s. Long term we see a recovery to $25 plus. As an in the ground asset Silver is good, the discount is solid, I do not consider this a mid term hold, it is short term or very long term.

Silver closed down -0.060 at  17.450. Volume was 8,900% above average (trending) and Bollinger Bands were 42% narrower than normal.

Open

17.530

High

17.731

Low

17.370

Close

17.450

Volume
13,809

Technical Outlook

Overbought

Short Term:

Intermediate Term:

Bullish
 

Long Term:

Bearish

Moving Averages:

10-period

50-period

200-period
 

Close:

17.18

16.62

17.87

Volatility:

22

24

29

Volume:

1,381

276

69

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

Silver is currently 2.4% below its 200-period moving average and is in an upward trend. Our volume indicators reflect very strong flows of volume into Silver (bullish). Our trend forecasting oscillators are currently bullish on Silver and have had this outlook for the last 22 periods.     

Momentum is Divergent

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.