Open:
High:
Low:
Close:
ASCENDING CHANNEL
Silver
XAG/USD
1H
An ascending channel has been revealed and the price demands an active move for clear breakdown confirmation.
Once price breaks below support, the move could identify extending an downtrend.
Silver to extend the fall towards 88 while below 89.
BULLISH RECTANGLE
Silver
XAG/USD
1H
A bullish rectangle turns up.
A bullish rectangle identifies a bullish price move once price breaks out.
There is a possibility of a bullish push up towards the 86.5 mark on a breach of 86.2 as uptrend may continue.
ASCENDING CHANNEL
Silver
XAG/USD
1H
We can see that an ascending channel has been observed.
An ascending channel depicts a compelling bearish pattern that can be used to signal reversals in uptrends if price breakdown occurs.
Silver risks potential downside towards the 84 zone while below 85 as extra rangebound not ruled out.
ASCENDING CHANNEL
Silver
XAG/USD
1H
It seems like an ascending channel is found, the price is ready to break out soon.
Once price breaks out, the resulting move could identify a bearish price action.
It is likely that decline towards the 84 level will be made on a breach of 85 amid the commodity recedes from recent highs.
ASCENDING TRIANGLE
Silver
XAG/USD
4H
There is an ascending triangle exposed.
An ascending triangle represents a bullish chart pattern that signals an extension in the upward direction when price breaks above resistance.
It is not ruled out that a bullish continuation to the 84 mark will happen as bulls looking for profit.
DESCENDING TRIANGLE
Silver
XAG/USD
1H
A descending triangle appears and the price is close to breaking out.
A descending triangle is said to depict a reliable bullish price signal that can be used to indicate an extension in the upward direction when price breaks out.
Silver to jump towards 78.
DESCENDING CHANNEL
Silver
XAG/USD
1H
There is a descending channel determined.
If price breaks out, the resulting move could signal that the price to go up.
Silver now looks to the 77 zone.
FALLING WEDGE
Silver
XAG/USD
1H
There is a falling wedge diagnosed, the price breaks out.
A falling wedge can be thought of as a reliable chart indicator that typically identifies a move up in case if price breaks out to the the upside.
Silver points to the upside towards the 78 zone while above 76.
ASCENDING CHANNEL
Silver
XAG/USD
4H
An ascending channel is close to being complete and the price requests active fall as a clue of a breakout.
An ascending channel often spots a bearish price move if price breakdown occurs.
Silver looks for a setback towards the 74 mark.
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