Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
SILVER Aug 2020 (NYMEX:SI.Q20)
Long-Term Uptrend (+90) - SI.Q20 is in a strong uptrend that is likely to continue. While SI.Q20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SI.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.Q20
The long-term trend has been UP since Jul 8th, 2020 at 18.885
The intermediate-term trend has been UP since Jun 30th, 2020 at 18.360
The short-term trend has been UP since Jul 20th, 2020 at 19.785
Smart Scan Analysis for SI.Q20
Based on our trend formula, SI.Q20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).