Future Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
SILVER Jun 2020 (NYMEX:SI.M20)
Bull Market Weakness (+75) - SI.M20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SI.M20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SI.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.M20
The long-term trend has been UP since Apr 2nd, 2020 at 14.340
The intermediate-term trend has been UP since May 14th, 2020 at 15.920
The short-term trend has been DOWN since Jun 3rd, 2020 at 17.785
Smart Scan Analysis for SI.M20
Based on our trend formula, SI.M20 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).