Future Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
SILVER Sep 2022 (NYMEX:SI.U22)
Long-Term Downtrend (-90) - SI.U22 is in a strong downtrend that is likely to continue. While SI.U22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SI.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.U22
The long-term trend has been DOWN since May 9th, 2022 at 22.145
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 21.355
The short-term trend has been DOWN since Jun 19th, 2022 at 21.655
Smart Scan Analysis for SI.U22
Based on our trend formula, SI.U22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).