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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.

NYMEX_SIL.K23
Open High Low SIL.K23 Price Change
24.18 24.18 23.64 23.88 -0.35
Entry Signal

MarketClub’s Trade Triangles for SIL.K23

long term up The long-term trend has been UP since Oct 4th, 2022 at 21.110

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2022 at 19.535

short term down 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).

+65
Smart Scan Analysis for SIL.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.18 24.18 23.64 23.88 -0.35
Prev. Close Volume Bid Ask Time
24.23 93 2023-01-27 15:57:02
Expiration2023-05-26Open Time08:25
Close Time13:25
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