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Silver · XAG/USD

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Silver: Bearish Flag

XAG/USD, 1 hour    SHORT 6 hours ago
It looks like a bearish flag is revealed and the price is ready to break out. If price breakdown occurs, the resulting move could identify a breakdown is likely to occur. There is a chance of extra downside towards 19.8.

Silver: Pennant

XAG/USD, 1 day    SHORT Jun 24
XAG/USD builds a pennant, the price calls for a strong move to confirm a breakdown. A pennant typically indicates extending an downtrend in case if price collapses through the support line. It is likely that extra downside to 20.5 will take place once below 21.

Silver: Descending Triangle

XAG/USD, 4 hours    SHORT 6 days ago
It looks like a descending triangle is close to being done and the price is about to break out soon. A descending triangle indicates extending an downtrend when price breaks out. Decline to 20.6 is on the cards on a break below 20.75.

Silver: Rectangle

XAG/USD, 1 day    SHORT Apr 23
There is a rectangle taking place, the price calls for a next active move as an indication of a breakout. A rectangle depicts a specific bearish signal that is used to signal a sharp decline when price breaks out. A move towards the 24 level is going to happen amid the commodity recedes from recent highs.

Silver: Ascending Triangle

XAG/USD, 1 hour    SHORT Jun 21
There is an ascending triangle observed. An ascending triangle describes a bearish chart formation that is used to spot the bulls have run out of steam in case if price breaks down. A move towards 21.5 is probable while below 21.54.

Silver: Ascending Channel

XAG/USD, 4 hours    SHORT Jun 21
An ascending channel comes out, XAG/USD calls for a next steady move for the certainty of breakout. An ascending channel is believed to be a technical bearish price signal that is used to predict a move down once price breaks down. XAG/USD pulls away from recent highs to 21.4 on a breakdown of the ascending channel.

Silver: Descending Triangle

XAG/USD, 1 hour    LONG Mar 16
There is a descending triangle occuring, the price wants a strong move for the certainty of breakout. A descending triangle depicts a useful price action formation that can be used to indicate the more likely potential of rising prices if price breaks out. XAG/USD to turn bullish to 25.2 once above 25.08.

Silver: Descending Channel

XAG/USD, 1 hour    LONG Jan 18
It seems like a descending channel occurs and the price requests a further strong move to confirm descending channel breakout. A descending channel is believed to be a compelling bullish pattern that has a downward slope that is used to signal that the price to go up once price breaks out to the the upside. XAG/USD to resume its rise to the 23.1 zone on a breakout of the descending channel.

Silver: Bullish Flag

XAG/USD, 1 hour    LONG Nov 10
It seems like a bullish flag appears. In case if price breaks above resistance, the resulting move could identify that the price to go long. XAG/USD challenges a move towards 24.6.

Silver: Ascending Triangle

XAG/USD, 1 hour    SHORT Jan 26
It looks like an ascending triangle is noticed, the price breaks out soon. An ascending triangle depicts a technical chart formation that signals the bulls have run out of steam if price breaks out. It is not ruled out that extra downside to 23.6 will be made.

Silver: Pennant

XAG/USD, 1 hour    SHORT Mar 14
It seems like a pennant occurs, the price is breaking out. If price breaks below support, the move could signal the more likely potential of falling prices. There is a probability of a bearish continuation to 25.8 while below 25.85 as XAG/USD loses bullish momentum.

Silver: Bearish Flag

XAG/USD, 1 hour    SHORT Mar 28
It looks like XAG/USD sets up a bearish flag and the price needs an active move as a clue of a breakdown. Once price collapses through the support line, the move could predict a bearish price move. It is not ruled out that a further bearish price action towards 25.4 will take place as XAG/USD becomes offered.
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