Future Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
SILVER May 2020 (NYMEX:SI.K20)
Strong Uptrend (+100) - SI.K20 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SI.K20 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SI.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.K20
The long-term trend has been UP since Jan 5th, 2020 at 18.565
The intermediate-term trend has been UP since Feb 19th, 2020 at 18.430
The short-term trend has been UP since Feb 14th, 2020 at 17.745
Smart Scan Analysis for SI.K20
Based on our trend formula, SI.K20 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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