Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
SILVER Jul 2023 (NYMEX:SI.N23)
Weak Downtrend (-65) - SI.N23 is showing signs of a strengthening downtrend. Monitor SI.N23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SI.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.N23
The long-term trend has been UP since Apr 4th, 2023 at 25.030
The intermediate-term trend has been DOWN since May 11th, 2023 at 24.980
The short-term trend has been DOWN since Jun 5th, 2023 at 23.575
Smart Scan Analysis for SI.N23
Based on our trend formula, SI.N23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).