Future Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
SILVER 1000 OZ Mar 2024 (NYMEX:SIL.H24)
Bear Market Rally (-75) - SIL.H24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SIL.H24 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SIL.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.H24
The long-term trend has been DOWN since May 5th, 2023 at 27.195
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 23.515
The short-term trend has been UP since Sep 29th, 2023 at 23.455
Smart Scan Analysis for SIL.H24
Based on our trend formula, SIL.H24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).