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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.

Open High Low SI.K24 Price Change
24.320 24.435 23.650 23.680 -0.680
Entry Signal

MarketClub’s Trade Triangles for SI.K24

long term up The long-term trend has been UP since Nov 30th, 2023 at 25.925

intermediate term up The intermediate-term trend has been UP since Nov 16th, 2023 at 24.275

short term down 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).

Smart Scan Analysis for SI.K24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.320 24.435 23.650 23.680 -0.680
Prev. Close Volume Bid Ask Time
24.360 1254 2023-12-08 11:58:46
Expiration2024-05-29Open Time18:00
Close Time17:00
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