Future Trend Analysis Report
Prepared for you on Monday, February 6, 2023.
SILVER 1000 OZ Feb 2023 (NYMEX:SIL.G23)
Bull Market Weakness (+75) - SIL.G23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SIL.G23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SIL.G23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.G23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.G23
The long-term trend has been UP since Dec 12th, 2022 at 23.35
The intermediate-term trend has been UP since Feb 2nd, 2023 at 24.30
The short-term trend has been UP since Feb 2nd, 2023 at 23.72
Smart Scan Analysis for SIL.G23
Based on our trend formula, SIL.G23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).