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

According to the chart of M15, SILVER formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 61.76/62.28 whereas the upper border goes across 62.84/62.28. 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 62.31.

According to the chart of M15, SILVER formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 62.08 – 62.08 and upper border 62.60 – 62.60. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 62.21 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -258 pips.

According to the chart of M15, SILVER formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 62.08 – 62.08 and upper border 62.60 – 62.60. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 62.15, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 385 points.

According to the chart of M15, SILVER formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 60.95/59.73 whereas the lower border goes across 58.45/59.73. The pattern width is measured on the chart at 2497 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 59.73 is broken, the price could continue its move toward 59.76.

According to the chart of M5, SILVER formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 60.35 and 59.25 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 1099 pips. Outlook: If the upper border 60.35 is broken, the price is likely to continue its move by 59.81.

The Double Top reversal pattern has been formed on SILVER M5. Characteristics: the upper boundary 60.09; the lower boundary 59.51; the width of the pattern is 575 points. Sell trades are better to be opened below the lower boundary 59.51 with a possible movements towards the 59.49 level.

The Bullish Flag pattern has been formed on the chart SILVER M15 which signals that the upward trend will continue. Signals: а break of the peak at 59.15 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the SILVER M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 59.17.