Future Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
SILVER 1000 OZ May 2020 (NYMEX:SIL.K20)
Bull Market Weakness (+75) - SIL.K20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SIL.K20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SIL.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.K20
The long-term trend has been DOWN since Feb 28th, 2020 at 16.68
The intermediate-term trend has been UP since May 14th, 2020 at 15.84
The short-term trend has been UP since May 7th, 2020 at 15.12
Smart Scan Analysis for SIL.K20
Based on our trend formula, SIL.K20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).