SILVER - SHORT TERM INDICATORS
(UPDATED AS OF THE U.S. CLOSE ON TUESDAY, MAY 4)
| Stochastics | Trading above neutral |
| Relative Strength | At 42 |
| Parabolic Time/Price Index | Changed to rising trend April 1 |
| Momentum | Trading above neutral |
| MACD | Trading under neutral |
| Commodity Channel Index | Rising toward neutral |
| 40 day moving average | Above the average |
The indicators continue to be negative in the longer term as the price remains below the high of two years ago at $21. Today's sharp drop caused the indicators above to suggest a continued decline in the short term ahead.
Click here for more complete comments in the Technical Forecast and Summary.
For a computerized analysis of the technical indicators, go to the July chart - scroll under the chart to read the technical analysis (this is an unrelated web site).
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