Future Trend Analysis Report
Prepared for you on Friday, December 2, 2022.
SILVER Nov 2022 (NYMEX:SI.X22)
Countertrend Up (+85) - SI.X22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SI.X22?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.X22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.X22
The long-term trend has been UP since Sep 8th, 2022 at 17.955
The intermediate-term trend has been UP since Nov 1st, 2022 at 19.580
The short-term trend has been DOWN since Nov 21st, 2022 at 21.625
Smart Scan Analysis for SI.X22
Based on our trend formula, SI.X22 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).