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

The Bullish Rectangle has formed on the SILVER M15 chart. This is a trend continuation pattern bounded by the lower boundary at 60.94–60.94 and the upper boundary at 61.50–61.50. A breakout above the upper boundary is likely to signal a continuation of the uptrend.

The Triple Bottom pattern has formed on the SILVER M5 chart. A break above the confirmation resistance at 60.95 may signal a reversal from a downtrend to an uptrend.

The Double Bottom pattern has formed on the SILVER M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 60.95. The projected move is based on the pattern width of 260 points.

The Double Bottom pattern has formed on the SILVER M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 60.92. The projected move is based on the pattern width of 255 points.

The Bearish Rectangle has formed on the SILVER M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 61.18 and its lower boundary is at 60.92. A short position may be considered once the price closes below the lower boundary at 60.92 of the Bearish Rectangle.

The Double Bottom pattern has formed on the SILVER M5 chart. Its upper boundary is at 61.17, its lower boundary is at 60.92, and its width is 225 points. A break above the upper boundary at 61.17 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Double Top pattern has formed on the SILVER M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 63.91 is likely to confirm further downward movement.

The Double Bottom pattern has formed on the SILVER M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 64.87. The projected move is based on the pattern width of 535 points.

The Triple Top reversal pattern has formed on the SILVER M5 chart. Its upper boundary is at 66.74/66.80, its lower boundary is at 66.50/66.63, and its current width is 155 points. If the confirmation support at 66.50 is broken, that width can be used to project the downward move.

The Double Top pattern has formed on the SILVER M30 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 64.36 is likely to confirm further downward movement.