Future Trend Analysis Report
Prepared for you on Sunday, January 24, 2021.
SILVER 1000 OZ Jan 2021 (NYMEX:SIL.F21)
Sidelines Mode (-55) - SIL.F21 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 SIL.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.F21
The long-term trend has been UP since May 19th, 2020 at 17.860
The intermediate-term trend has been DOWN since Jan 15th, 2021 at 24.885
The short-term trend has been UP since Jan 21st, 2021 at 25.215
Smart Scan Analysis for SIL.F21
Based on our trend formula, SIL.F21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).