Future Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
SILVER May 2021 (NYMEX:SI.K21)
Bull Market Weakness (+75) - SI.K21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SI.K21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SI.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.K21
The long-term trend has been DOWN since Mar 30th, 2021 at 23.770
The intermediate-term trend has been UP since Apr 16th, 2021 at 26.350
The short-term trend has been UP since May 3rd, 2021 at 26.215
Smart Scan Analysis for SI.K21
Based on our trend formula, SI.K21 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).