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Future Trend Analysis Report

Prepared for you on Saturday, October 24, 2020.

SILVER May 2021 (NYMEX:SI.K21)

Strong Uptrend (+100) - SI.K21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SI.K21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid SI.K21?

MarketClub looks at technical strength and momentum to determine if the timing is right for SI.K21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_SI.K21
Open High Low SI.K21 Price Change
25.110 25.170 24.800 24.910 -0.185
Entry Signal

MarketClub’s Trade Triangles for SI.K21

long term up The long-term trend has been UP since Jun 2nd, 2020 at 18.16

intermediate term up The intermediate-term trend has been UP since Oct 21st, 2020 at 25.57

short term up The short-term trend has been UP since Oct 19th, 2020 at 24.82

Smart Scan Analysis for SI.K21

Based on our trend formula, SI.K21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for SI.K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.110 25.170 24.800 24.910 -0.185
Prev. Close Volume Bid Ask Time
27.565 201 2020-10-23 14:11:57
Expiration2021-05-26Open Time08:25
Close Time13:25
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