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Future Trend Analysis Report

Prepared for you on Wednesday, October 4, 2023.

SILVER Jul 2024 (NYMEX:SI.N24)

Countertrend Down (-85) - SI.N24 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid SI.N24?

MarketClub looks at technical strength and momentum to determine if the timing is right for SI.N24.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_SI.N24
Open High Low SI.N24 Price Change
22.000 22.000 21.950 21.950 -0.195
Entry Signal

MarketClub’s Trade Triangles for SI.N24

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 23.645

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2023 at 23.910

short term up The short-term trend has been UP since Sep 29th, 2023 at 24.035

Smart Scan Analysis for SI.N24

Based on our trend formula, SI.N24 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SI.N24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.000 22.000 21.950 21.950 -0.195
Prev. Close Volume Bid Ask Time
22.145 9 2023-10-04 03:11:22
Expiration2024-07-29Open Time08:25
Close Time13:25
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