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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.

NYMEX_SI.N23
Open High Low SI.N23 Price Change
23.690 23.695 23.460 23.525 -0.222
Entry Signal

MarketClub’s Trade Triangles for SI.N23

long term up The long-term trend has been UP since Apr 4th, 2023 at 25.030

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2023 at 24.980

short term down 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).

-70
Smart Scan Analysis for SI.N23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.690 23.695 23.460 23.525 -0.222
Prev. Close Volume Bid Ask Time
23.695 11617 2023-06-05 04:46:13
Expiration2023-07-27Open Time18:00
Close Time17:00
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