Future Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
SILVER 1000 OZ May 2023 (NYMEX:SIL.K23)
Weak Uptrend (+65) - SIL.K23 is showing signs of weakening momentum to the upside. Monitor SIL.K23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SIL.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.K23
The long-term trend has been UP since Oct 4th, 2022 at 21.110
The intermediate-term trend has been UP since Nov 3rd, 2022 at 19.535
The short-term trend has been DOWN since Jan 27th, 2023 at 23.900
Smart Scan Analysis for SIL.K23
Based on our trend formula, SIL.K23 is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).