Future Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
SILVER Dec 2023 (NYMEX:SI.Z23)
Countertrend Down (-85) - SI.Z23 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.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.Z23
The long-term trend has been DOWN since Sep 29th, 2023 at 22.665
The intermediate-term trend has been DOWN since Sep 14th, 2023 at 23.040
The short-term trend has been UP since Sep 29th, 2023 at 23.120
Smart Scan Analysis for SI.Z23
Based on our trend formula, SI.Z23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).