Future Trend Analysis Report
Prepared for you on Wednesday, September 27, 2023.
SILVER 1000 OZ Sep 2023 (NYMEX:SIL.U23)
Weak Downtrend (-65) - SIL.U23 is showing signs of a strengthening downtrend. Monitor SIL.U23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SIL.U23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.U23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.U23
The long-term trend has been UP since Apr 4th, 2023 at 25.180
The intermediate-term trend has been DOWN since Sep 14th, 2023 at 22.710
The short-term trend has been DOWN since Sep 25th, 2023 at 23.185
Smart Scan Analysis for SIL.U23
Based on our trend formula, SIL.U23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).