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.
MarketClub’s Trade Triangles for SI.N24
The long-term trend has been DOWN since Sep 14th, 2023 at 23.645
The intermediate-term trend has been DOWN since Sep 14th, 2023 at 23.910
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).