Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
SILVER 1000 OZ May 2022 (NYMEX:SIL.K22)
Countertrend Down (-85) - SIL.K22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SIL.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.K22
The long-term trend has been DOWN since May 9th, 2022 at 22.165
The intermediate-term trend has been DOWN since Apr 22nd, 2022 at 24.315
The short-term trend has been UP since May 23rd, 2022 at 21.560
Smart Scan Analysis for SIL.K22
Based on our trend formula, SIL.K22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).