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Future Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
SILVER May 2024 (NYMEX:SI.K24)
Strong Downtrend (-100) - SI.K24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SI.K24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SI.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SI.K24
The long-term trend has been DOWN since Aug 15th, 2023 at 23.350
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 23.760
The short-term trend has been DOWN since Sep 26th, 2023 at 23.715
Smart Scan Analysis for SI.K24
Based on our trend formula, SI.K24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.825 | 23.855 | 23.700 | 23.700 | -0.265 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.700 | 133 | 2023-09-26 16:17:25 |
| Expiration | 2024-05-29 | Open Time | 18:00 |
| Close Time | 17:00 |