Future Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
SILVER 1000 OZ May 2023 (NYMEX:SIL.K23)
Weak Downtrend (-65) - SIL.K23 is showing signs of a strengthening downtrend. Monitor SIL.K23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SIL.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.K23
The long-term trend has been UP since Apr 4th, 2023 at 24.88
The intermediate-term trend has been DOWN since May 2nd, 2023 at 24.77
The short-term trend has been DOWN since May 11th, 2023 at 25.30
Smart Scan Analysis for SIL.K23
Based on our trend formula, SIL.K23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).