Future Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
SILVER 1000 OZ Jan 2022 (NYMEX:SIL.F22)
Long-Term Downtrend (-90) - SIL.F22 is in a strong downtrend that is likely to continue. While SIL.F22 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 SIL.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.F22
The long-term trend has been DOWN since Feb 22nd, 2021 at 29.00
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 23.52
The short-term trend has been DOWN since Nov 16th, 2021 at 24.97
Smart Scan Analysis for SIL.F22
Based on our trend formula, SIL.F22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).