Open:
High:
Low:
Close:
ASCENDING CHANNEL
Silver
XAG/USD
1H
There is an ascending channel coming out and the price needs a further move as a signal of a breakout.
When price collapses through the support line, the resulting move could signal an upward trend is nearing its end.
It is likely that a bearish continuation towards 100 will occur on a breakout of the ascending channel as indicators turn bearish.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel pops up, the price is going to break out.
A descending channel denotes a useful bullish pattern that is angled down that indicates that prices move counter to the prevailing price trend if price breaks through the resistance.
Silver does not rule out a move to 95 on a breach of 94.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel has been identified and the price needs a further active move for the certainty of breakout.
A descending channel predicts a breakout higher once price breaks out to the the upside.
A bullish move towards 95 looks possible.
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel has been identified and silver wants a next bigger move as a signal of a breakout.
When price breaks out to the the upside, the move could indicate a change in price direction.
It is possible that a bullish push up towards 94 will occur on a breach of 93.4.
RISING WEDGE
Silver
XAG/USD
4H
A rising wedge happens and the price asks for bigger push down as a verification of a breakout.
A rising wedge denotes a compelling price action pattern that has an upward slope that can be used to signal a bearish price action when price breakdown occurs.
It is not ruled out that a bearish run towards the 92 level will take place as the commodity becomes depressed.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
A descending triangle is very close to being completed and the price is about to break out soon.
If price breaks through the support, the move could identify a bearish price move.
A bearish continuation to 93.5 stays on the cards on a breach of 93.8 as bears looking for downside correction.
SYMMETRICAL TRIANGLE
Silver
XAG/USD
1H
It seems like a symmetrical triangle materializes, the price is breaking out.
A symmetrical triangle denotes a useful bullish price formation that predicts a bullish price move in case if price breaks out.
Silver to move up towards the 95.5 mark.
ASCENDING CHANNEL
Silver
XAG/USD
1H
As we can see an ascending channel comes out, the price is about to break out soon.
In case if price breakdown occurs, the resulting move could spot reversals in uptrends.
It is possible that extra downside to the 94 zone will happen on a breakout of the ascending channel amid rising bets for the move.
RISING WEDGE
Silver
XAG/USD
1H
It seems like a rising wedge develops, the price is going to break out soon.
A rising wedge is believed to be a bearish pattern that can be used to identify a move down in case if price breaks below support.
It is not ruled out that a further move to 92 will take place as there is a chance for a downside correction.
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