Future Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
SILVER 1000 OZ Sep 2021 (NYMEX:SIL.U21)
Long-Term Uptrend (+90) - SIL.U21 is in a strong uptrend that is likely to continue. While SIL.U21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SIL.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIL.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIL.U21
The long-term trend has been UP since Dec 17th, 2020 at 25.755
The intermediate-term trend has been UP since Apr 16th, 2021 at 25.975
The short-term trend has been UP since May 3rd, 2021 at 26.560
Smart Scan Analysis for SIL.U21
Based on our trend formula, SIL.U21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).