Index Trend Analysis Report
Prepared for you on Monday, September 21, 2020.
Global X Silver Miners ETF (GIF:SIL)
Crossroads (+60) - SIL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SIL?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL
The long-term trend has been UP since May 15th, 2020 at 33.512
The intermediate-term trend has been DOWN since Aug 25th, 2020 at 45.453
The short-term trend has been DOWN since Sep 17th, 2020 at 47.083
Smart Scan Analysis for SIL
Based on our trend formula, SIL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).