FX.co ★ Patterns SILVER | Silver Rate in the Forex market

According to M5, SILVER is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 31.90/31.88 is broken out, the instrument is likely to move toward 31.89.

According to the chart of M5, SILVER formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 32.02, the lower border is 31.82. The signal means that a short position should be opened after fixing a price below the lower border 31.82 of the Bearish Rectangle.

The Bullish Flag pattern has been formed on the chart SILVER M5 which signals that the upward trend will continue. Signals: а break of the peak at 33.77 may push the price higher, and the rise will be the projection of the pole.

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 33.52 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -109 pips.

On the chart of the SILVER M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 33.95, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 85 points.

The Triple Top pattern has formed on the chart of the SILVER M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 15, support level -120, and pattern’s width 200. Forecast If the price breaks through the support level 33.73, it is likely to move further down to 33.91.

The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 34.30 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 34.45; the lower boundary 34.33; the width of the pattern is 120 points. Sell trades are better to be opened below the lower boundary 34.33 with a possible movements towards the 34.31 level.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 34.45; the lower boundary 34.33; the width of the pattern is 120 points. Sell trades are better to be opened below the lower boundary 34.33 with a possible movements towards the 34.31 level.

On the chart of the SILVER M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 34.16, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 185 points.