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Future Trend Analysis Report

Prepared for you on Sunday, October 2, 2022.

SILVER May 2023 (NYMEX:SI.K23)

Crossroads (+60) - SI.K23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SI.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for SI.K23.

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

NYMEX_SI.K23
Open High Low SI.K23 Price Change
19.140 19.520 19.000 19.292 +0.360
Entry Signal

MarketClub’s Trade Triangles for SI.K23

long term down The long-term trend has been DOWN since Apr 25th, 2022 at 24.475

intermediate term up The intermediate-term trend has been UP since Sep 12th, 2022 at 19.650

short term up The short-term trend has been UP since Sep 30th, 2022 at 19.145

Smart Scan Analysis for SI.K23

Based on our trend formula, SI.K23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SI.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.140 19.520 19.000 19.292 +0.360
Prev. Close Volume Bid Ask Time
19.320 181 2022-09-30 13:28:09
Expiration2023-05-26Open Time18:00
Close Time17:00
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