Silver futures show a sell signal

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

Silver futures dropped today (5/16) along with gold and high grade copper. This decline for July silver gives me a fresh sell signal on the daily chart today. This is the second sell signal silver has issued since the trend has changed to the downside. Silver seems to be in the middle of a support area. The trend is still up on the weekly and monthly charts. Silver has yet to identify to me that it may be in a longer-term downtrend. A close below 32.30 would suggest this to me. To see what I consider a "long-term" trend watch Larry Baer's Long Term Trend Confirmation video (NO registration required): http://www.youtube.com/watch?v=tBjFsIdtztw . Call me for trade set-ups at (312) 277-0112 Subscribe FREE to the daily Larry Baer's Charts and Set-ups Newsletter: http://www.zaner.com/3.0/lbaer2.asp SEE CHART Call me for trade set-ups (312) 277-0140 or toll free at 888-281-4161 or email: LBaer@Zaner.com View my thoughts on other markets at Larry Baer's Options & Futures Trading Strategies weblog: http://larrybaer.com

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.