Future Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
SILVER Mar 2024 (NYMEX:SI.H24)
Long-Term Downtrend (-90) - SI.H24 is in a strong downtrend that is likely to continue. While SI.H24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SI.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.H24
The long-term trend has been DOWN since Aug 14th, 2023 at 23.135
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 23.500
The short-term trend has been DOWN since Sep 21st, 2023 at 23.665
Smart Scan Analysis for SI.H24
Based on our trend formula, SI.H24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).