Future Trend Analysis Report
Prepared for you on Saturday, September 19, 2020.
SILVER 1000 OZ Sep 2020 (NYMEX:SIL.U20)
Sidelines Mode (+55) - SIL.U20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SIL.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.U20
The long-term trend has been UP since Jun 1st, 2020 at 18.83
The intermediate-term trend has been UP since Apr 6th, 2020 at 14.82
The short-term trend has been DOWN since Sep 18th, 2020 at 26.87
Smart Scan Analysis for SIL.U20
Based on our trend formula, SIL.U20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).