Future Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
SILVER Dec 2023 (NYMEX:SI.Z23)
Bull Market Weakness (+75) - SI.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SI.Z23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SI.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SI.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SI.Z23
The long-term trend has been UP since Apr 4th, 2023 at 25.65
The intermediate-term trend has been DOWN since Sep 14th, 2023 at 23.04
The short-term trend has been UP since Sep 15th, 2023 at 23.39
Smart Scan Analysis for SI.Z23
Based on our trend formula, SI.Z23 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).