The Trend Trader Index is being used to identify a short term trend for Silver. The Indicator calculates the simple moving average of the daily high and daily low price of Silver over the past 20 days. A short term uptrend exists if Silver is trading above the 20 day moving average line and a short term downtrend is given if Silver is trading below the 20 day moving average line. Additionally the direction of the simple moving averages could also give additional information about the trend direction.
SLV ETF closes above the 20 SMA high price
Bearish: SLV ETF closes below the 20 SMA low price