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

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 118.50; the lower boundary 116.81; the width of the pattern 1685 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 116.80 level.

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 119.34/117.45 whereas the lower border goes across 116.05/117.45. The pattern width is measured on the chart at 3298 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 117.45 is broken, the price could continue its move toward 117.47.

According to the chart of M30, SILVER formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 116.05 and support 110.52. In case the resistance level 116.05 - 116.05 is broken, the instrument is likely to follow the bullish trend.

According to the chart of H1, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 116.05, the lower border is 110.52. The signal means that a long position should be opened above the upper border 116.05 of the Bullish Rectangle.

According to the chart of M15, SILVER formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 116.05 and support 110.52. In case the resistance level 116.05 - 116.05 is broken, the instrument is likely to follow the bullish trend.

On the chart of SILVER M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 113.00; the lower boundary 110.61; the width of the pattern 2390 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 110.59 level.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 113.03; the lower boundary 111.58; the width of the pattern is 1395 points. Sell trades are better to be opened below the lower boundary 111.58 with a possible movements towards the 111.57 level.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 110.07; the lower boundary 109.00; the width of the pattern 1065 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 108.99 level.

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 98.25/98.67 whereas the upper border goes across 98.97/98.67. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of SILVER will breach the upper border to head for 98.68.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 94.32; the lower boundary 93.78; the width of the pattern is 510 points. Sell trades are better to be opened below the lower boundary 93.78 with a possible movements towards the 93.77 level.