Open:
High:
Low:
Close:
RECTANGLE
Silver
XAG/USD
1H
There is a rectangle emerging.
A rectangle predicts that the price to go down in case if price breakdown occurs.
Silver to experience further corrective weakness to the 83 mark on impulse below 84.2.
ASCENDING CHANNEL
Silver
XAG/USD
4H
An ascending channel is close to being finished, silver needs a strong move as an indication of a breakdown.
An ascending channel is believed to be a useful chart pattern that often results in a break during an uptrending market if price breaks below support.
Corrective downside to 82 looks possible.
BULLISH FLAG
Silver
XAG/USD
1H
A bullish flag is recognized, the price is breaking out.
Once price breaks out, the resulting move could signal that the price to go long.
It is likely that a further bullish continuation to the 88 mark will occur as bulls looking for upside correction.
RECTANGLE
Silver
XAG/USD
1H
As we can see the price gives a rectangle and the price asks for a strong move to confirm a breakout.
A rectangle is said to depict a useful chart pattern that predicts a next move down in case if price breakdown occurs.
It is likely that a bearish run towards the 86.5 zone will take place as extra rangebound not ruled out.
ASCENDING CHANNEL
Silver
XAG/USD
1H
It looks like an ascending channel appears.
In case if price breaks out, the move could indicate a countertrend succeeding the current trend.
A further rangebound towards the 86 mark is probable on a breach of 88.
RECTANGLE
Silver
XAG/USD
1H
A rectangle turns up, silver expects a strong move as an information of a breakout.
Once price breaks through the resistance, the resulting move could signal that prices are likely to keep rallying upward.
It is not ruled out that a bullish price action to 85 will happen as downside pressure alleviates.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel poping up.
A descending channel is a useful bullish indicator that typically identifies a next move up in case if price breaks out to the the upside.
Silver opens door for a move to the 85 mark as the commodity loses bearish momentum.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle is detected.
An ascending triangle represents a reliable signal that often identifies a temporary interruption during a rising market once price breaks down.
Silver could attempt a move to 82 on impulse below 83.
DESCENDING CHANNEL
Silver
XAG/USD
1H
It seems like a descending channel has been recognized.
A descending channel identifies a technical price signal that often predicts a bullish price action when price breaks out to the the upside.
Silver to extend its advance to 85 amid the commodity recovers from recent lows.
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