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Spot Silver Buy Signal

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The latest buy signal for spot Silver seems to have been removed. Nobody gets it right all the time, but come on, if you call it “Own It” !!!

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Looking at the 4 hour chart there does not seem to be any reason to go long Silver at this specific moment in time based on price behaviour, price action and current trend or lack of it.

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wrote:

The latest buy signal for spot Silver seems to have been removed. Nobody gets it right all the time, but come on, if you call it “Own It” !!!

Hi - which signal specifically are you referring to? On the IG Signal Center where we feature PIA and Autochartist signals? 

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If I look at the Silver chart then it is for day traders or short term traders who could profit from such price behaviour. There is sideways activity with volatility along the way. There is no strong real trend either on the long or short side.

There needs to be strong fundamental reasons behind a strong trend. There is not one really for Silver that is strong enough at the moment hence the price action.

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