FX.co ★ SILVER H1: Bearish Flag

The Bearish Flag pattern has been formed on SILVER at H1. The lower boundary of the pattern is located at 30.97/31.10 while the upper boundary lies at 31.11/31.24. The projection of the flagpole is 375 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 30.97 is broken, the price will move further downwards.