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

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 73.34/74.33 whereas the upper border goes across 75.58/74.33. 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 74.34.

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 75.03 and 74.42 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 610 pips. Outlook: If the upper border 75.03 is broken, the price is likely to continue its move by 74.79.

The Triple Top pattern has formed on the chart of the SILVER M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 74.25/74.31 with the upper limit 75.09/75.03; the projection of the width is 850 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 74.25, the price is most likely to continue the downward movement.

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 65, support level -60, and pattern’s width 850. Forecast If the price breaks through the support level 74.25, it is likely to move further down to 74.88.

According to the chart of M5, SILVER formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 71.43 and support 71.03. In case the resistance level 71.43 - 71.43 is broken, the instrument is likely to follow the bullish trend.

The Triple Top pattern has formed on the chart of the SILVER M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 71.03/71.08 with the upper limit 71.43/71.38; the projection of the width is 400 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 71.03, the price is most likely to continue the downward movement.

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 68.19 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -650 pips.

The Triple Top pattern has formed on the chart of the SILVER M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 220, support level -80, and pattern’s width 905. Forecast If the price breaks through the support level 68.50, it is likely to move further down to 69.19.

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 67.41 and 66.85 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 555 pips. Outlook: If the upper border 67.41 is broken, the price is likely to continue its move by 67.16.

According to the chart of M5, SILVER formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 36.31 is likely to encourage a continuation of the downward trend.