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.
MarketClub’s Trade Triangles for SI.K21
The long-term trend has been UP since Jun 2nd, 2020 at 18.16
The intermediate-term trend has been UP since Oct 21st, 2020 at 25.57
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).