Future Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
SILVER May 2021 (NYMEX:SI.K21)
Sidelines Mode (+55) - SI.K21 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 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 DOWN since Mar 30th, 2021 at 23.770
The intermediate-term trend has been UP since Apr 16th, 2021 at 26.350
The short-term trend has been DOWN since May 11th, 2021 at 27.285
Smart Scan Analysis for SI.K21
Based on our trend formula, SI.K21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).