Index Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
iShares Silver Trust (GIF:SLV)
Sidelines Mode (+55) - SLV 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 SLV?
MarketClub looks at technical strength and momentum to determine if the timing is right for SLV.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SLV
The long-term trend has been UP since Jun 1st, 2020 at 16.845
The intermediate-term trend has been UP since Dec 8th, 2020 at 23.096
The short-term trend has been DOWN since Feb 26th, 2021 at 25.031
Smart Scan Analysis for SLV
Based on our trend formula, SLV is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).