Open:
High:
Low:
Close:
DESCENDING CHANNEL
Silver
XAG/USD
1H
A descending channel is almost completed, the price is going to break out now.
Once price breaks through the resistance, the resulting move could indicate a next move up.
It is possible that a bullish price action to 80 will occur on a breach of 75.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel recognized and the price is close to breaking out.
When price breaks out, the resulting move could predict a bullish price move.
Silver to move up towards 80 on a breach of 75.
ASCENDING CHANNEL
Silver
XAG/USD
1D
There is an ascending channel forming and the price is ready to break out.
An ascending channel often indicates a next move down in case if price breaks out to the the downside.
Silver looks for a setback towards the 60 zone as extra rangebound not ruled out.
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel is close to being completed.
An ascending channel depicts a bearish price action pattern that is angled up that is used to predict a sharp decline when price breaks below support.
Silver to extend its slide towards the 84 level on a breach of 85 as downtrend may continue.
RISING WEDGE
Silver
XAG/USD
1H
We can see that a rising wedge is very close to being finished, the price is ready to break out now.
A rising wedge tends to be a specific bearish price formation that has an upward slope that often results in a potential reversal in price action in case if price breaks out.
Silver to accomodate to 85.
RISING WEDGE
Silver
XAG/USD
1H
It seems like a rising wedge is close to being done.
Once price collapses through the support line, the move could predict a bearish price action.
Corrective downside to the 86 mark stays on the cards on a breakout of the rising wedge.
ASCENDING TRIANGLE
Silver
XAG/USD
1H
An ascending triangle is close to being complete, silver asks for a more active bullish impulse as a signal of a breakout.
If price breaks above resistance, the move could identify the more likely potential of rising prices.
Silver does not rule out a move towards the 90 mark on a breach of 85.
DESCENDING CHANNEL
Silver
XAG/USD
1H
We can see that a descending channel develops and the price is close to breaking out soon.
A descending channel describes a specific bullish chart formation that is angled down that can be used to indicate a further move up once price breaks through the resistance.
Silver challenges a move towards the 90 zone.
RISING WEDGE
Silver
XAG/USD
4H
It seems like the price shows a rising wedge.
A rising wedge suggests a technical bearish chart indicator that can be used to indicate an upward trend is nearing its end if price breaks down.
There is a possibility of a rangebound to the 95 level on a breach of 96 amid rising bets for the move.
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