There is a bearish rectangle identified.
A bearish rectangle is considered to be a useful bearish indicator that can be used to predict that the price to go down once price collapses through the support line.
There is a chance of a bearish run towards the 23.8 zone on a breakdown of the bearish rectangle.
Silver: Rising Wedge
XAG/USD,
4 hours
SHORT
Jan 31
There is a rising wedge turning up and XAG/USD asks for a strong move as an information of a breakout.
Once price breakdown occurs, the move could signal reversals in uptrends.
XAG/USD to experience further corrective weakness towards 23.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
May 22
There is an ascending channel arising, the price wants strong pullback for clear breakdown confirmation.
An ascending channel represents a technical bearish pattern that is used to identify the more likely potential of falling prices if price breakdown occurs.
XAG/USD to suffer a steeper decline to the 23.8 mark as XAG/USD becomes under pressure.
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Nov 14
A descending channel takes place.
A descending channel spots extending an uptrend in case if price breaks out.
It is likely that a bullish run to 22.6 will happen as weakness seen overdone.
Silver: Ascending Triangle
XAG/USD,
4 hours
SHORT
May 10
As we can see an ascending triangle forms and the price calls for a more active correction to confirm ascending triangle breakout.
An ascending triangle is said to depict a reliable bearish indicator that can be used to indicate extending an downtrend once price breaks below support.
XAG/USD looks south towards the 25.6 zone.
Silver: Rising Wedge
XAG/USD,
1 hour
SHORT
Nov 2
There is a rising wedge encountered, XAG/USD calls for a more strong move as an information of a breakout.
A rising wedge identifies a specific bearish chart signal that predicts a break during an uptrending market once price breaks out.
XAG/USD opens door for a move to the 23 mark on a downside break.
Silver: Rising Wedge
XAG/USD,
1 day
SHORT
Sep 14
A rising wedge is almost done, XAG/USD demands a strong bearish action to confirm a breakout.
A rising wedge can be thought of as a bearish pattern that often results in a next move down once price breakdown occurs.
XAG/USD pulls back to 23 on a breach of 23.2 as sell-off may continue.
Silver: Descending Triangle
XAG/USD,
1 hour
LONG
Oct 27
As we can see a descending triangle is close to being completed.
When price breaks out, the resulting move could indicate a move up.
XAG/USD aims to complete a retracement to 23.1.
Silver: Pennant
XAG/USD,
1 hour
SHORT
Apr 26
We can see that a pennant is almost completed.
A pennant is a price pattern that typically signals a sharp decline in case if price breaks through the support.
It is not ruled out that a further bearish run to the 24.9 mark will occur while lower than 24.96.
Silver: Ascending Channel
XAG/USD,
1 hour
SHORT
Feb 12
Silver: Descending Channel
XAG/USD,
1 hour
LONG
Apr 19
As we can see a descending channel is detected, the price is breaking out.
In case if price breaks above resistance, the resulting move could spot a change in price direction.
XAG/USD to push up towards the 25.3 level once beyond 25.24.
Silver: Falling Wedge
XAG/USD,
1 hour
LONG
Nov 3
There is a falling wedge recognized.
Once price breaks through the resistance, the move could signal a next move up.
XAG/USD does not rule out a move to the 22.9 zone once above 22.78.
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Silver · XAG/USD