Future Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
SILVER (TAS) Dec 2023 (NYMEX:SIT.Z23)
Bear Market Rally (-75) - SIT.Z23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SIT.Z23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SIT.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SIT.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SIT.Z23
The long-term trend has been DOWN since Oct 19th, 2023 at -3
The intermediate-term trend has been UP since Oct 26th, 2023 at 3
The short-term trend has been DOWN since Nov 9th, 2023 at -1
Smart Scan Analysis for SIT.Z23
Based on our trend formula, SIT.Z23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).