Latest Silver Trading Signals (Updated: MArch 6, 2011)

March 6, 2011 Update -- Silver continues to explode as Middle East protest roll into Saudi Arabia. China braces for protest.

Silver is currently sitting at the $35.80 price level. As the markets head into the seasonal strong March and April season, Silver has a chance to reach $40 before leveling off during the summer. Look for silver to continue to rise along with oil and the rest of the market.

Feb. 21, 2011 Update -- Silver Explodes Again as Libya protestors take control of capital. Silver at 33.80 and rising.

Silver has exploded through the 33 level and is headed toward $34 as more riots break out around the Middle East. When one country has a successful protest, and topples the government, silver seems to go up. And people in other countries are emboldened to protest their government. Watch silver continue to rise with the success of these protestors in other countries.

Feb. 18, 2011 Update -- Silver Explodes. Price closing in on $33 from $30. Look to take profits at $33.

Silver has exploded again. There has been an almost 10% pop in the last few months. While the long-term look at Silver is very bullish, some may want to consider locking in profits at $33, especially if you are using leverage.

Feb. 17, 2011 Update -- Silver pops above $31.50. Looks like $30 is cleared and the next stop is $33.

Silver has cleared $30 a share confidently and appears to have built a base. Those looking to buy more should take advantage of this new price level. Those looking to speculate should consider a JUNE call spread - Buying the $31 and selling the $33. Silver should continue to rise until the May 1 date when most investors sell in May and go away.

Silver has made a lower high as general markets indicate consolidation or a pull-back may be in the cards.

Silver was unable to break through the December 31 high. However, it is not a time to panic. Just to watch and make sure that silver does not breakdown below the $26.50. This is a time to watch and hold putting in any new positions. If silver closes above the December 31 high, then it is time to add more longs. If silver breaks below $26.50, then it is time to add protective puts as silver could fall down to $23. Especially if the entire markets turn downward.

Silver explodes 3.50% for the day to over $30 an ounce. If a base can be built at this level, then there is a possibility for silver to hit $35 by May 1.

Right now is a critical time for silver, within a month, we will be entering the powerful March to May 1 rally. In this time energy and oil shines. And the equity markets have their best month in April. If silver is able to build its back, it can have a 10% to 12% rise during these two months. If silver can stay above $30 by March 1, you may want to consider at-the-money JUNE call spread which you can keep open until May 1.

Silver rises above it's 20-Day moving average, signals new buying momentum. (February 4, 2011)

After a couple of days below the 20-Day moving average, Silver closes up over 2% signaling new buy signals. This still needs to be confirmed with a follow through day. However, those worried about a silver correction can rest a little easier. Any follow through can signal a possible "go" for aggressive buying on leverage or Call spread buying.

American Bulls Rates Silver at a Possible Sell (February 2, 2011)

AmericanBulls.com rates silver as a possible sell if the price of silver continues to fall. While silver has a positive candlestick formation, the price of silver has had a double-top in the two weeks. Long silver holders may want to consider taking profits and then waiting for a lower entry point.

Silver's 20-Day Moving Average Falls below its 50-Day Moving Average (February 2, 2011)

Silver has recently seen a bearish cross of its 20-day moving average, falling above its 50-Dy moving average. While the 200-day moving average is still safe, it is recommended to avoid any aggressive buying of silver. Protective puts should be considered to prevent any large losses.

You can own silver several different ways. It is important to familiarize yourself with the different pros and cons of the types of silver ownership available before you make your purchase.

Bullion - The most secure way to own silver is to buy the coins and the bars and to have the bullion in your possession. This process is also one that requires the most work. You have to secure a dealer, make payment and be able to accept delivery. Two of the best firms to buy gold from are APMEX.com and Bullion Direct.com

Gold Money - For those who would like to own silver and have it stored overseas, consider GoldMoney.com. Goldnoney.com allows you to buy all types of precious metals from gold to silver to platinum and palladium. This service allows you to make a payment and have bullion secured offshore. This is the second best choice to owning gold in your hands.

ETFs (Exchange traded Funds) - Exchange Traded Funds allow you to buy and sell silver as a stock. Be be aware that you do not own any real gold bars and coins. ETFs are designed more as a trading tool for short term speculation or hedge. It is important that you do not substitute using an ETF for silver ownership.