Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
SILVER May 2024 (NYMEX:SI.K24)
Sidelines Mode (+55) - SI.K24 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.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.K24
The long-term trend has been UP since Nov 30th, 2023 at 25.925
The intermediate-term trend has been UP since Nov 16th, 2023 at 24.275
The short-term trend has been DOWN since Dec 4th, 2023 at 25.735
Smart Scan Analysis for SI.K24
Based on our trend formula, SI.K24 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).