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Future Trend Analysis Report

Prepared for you on Friday, December 3, 2021.

SILVER 1000 OZ May 2022 (NYMEX:SIL.K22)

Long-Term Downtrend (-90) - SIL.K22 is in a strong downtrend that is likely to continue. While SIL.K22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SIL.K22?

MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.K22.

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

NYMEX_SIL.K22
Open High Low SIL.K22 Price Change
22.465 22.515 22.100 22.512 -0.110
Entry Signal

MarketClub’s Trade Triangles for SIL.K22

long term down The long-term trend has been DOWN since Jul 18th, 2021 at 26.135

intermediate term down The intermediate-term trend has been DOWN since Nov 26th, 2021 at 23.125

short term down The short-term trend has been DOWN since Nov 18th, 2021 at 25.055

Smart Scan Analysis for SIL.K22

Based on our trend formula, SIL.K22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SIL.K22
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.465 22.515 22.100 22.512 -0.110
Prev. Close Volume Bid Ask Time
22.325 30 2021-12-03 11:10:31
Expiration2022-05-26Open Time18:00
Close Time17:00
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