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

SILVER M5

Triple Bottom
The Triple Bottom pattern has been formed on SILVER M5. It has the following characteristics: resistance level 22.64/22.61; support level 22.55/22.55; the width is 90 points. In the event of a breakdown of the resistance level of 22.64, the price is likely to continue an upward movement at least to 22.58.
2022-12-02

SILVER M5

Double Top
On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 22.71; the lower boundary 22.66; the width of the pattern 50 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 22.64 level.
2022-12-01

SILVER M5

Bearish Rectangle
According to the chart of M5, SILVER formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 22.12 – 0.00 and upper border 22.01 – 0.00. In case the lower border is broken, the instrument is likely to follow the downward trend.
2022-12-01

SILVER M30

Double Top
On the chart of SILVER M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 22.36; the lower boundary 22.18; the width of the pattern 175 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 22.16 level.
2022-12-01

SILVER M5

Double Bottom
The Double Bottom pattern has been formed on SILVER M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 21.89 is broken. The further movements will rely on the width of the current pattern 390 points.
2022-11-30

SILVER M15

Bullish Rectangle
According to the chart of M15, SILVER formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.00, the lower border is 0.00. The signal means that a long position should be opened above the upper border 0.00 of the Bullish Rectangle.
2022-11-29

SILVER M15

Triple Top
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 21.11/21.16 with the upper limit 21.32/21.30; the projection of the width is 200 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 21.11, the price is most likely to continue the downward movement.
2022-11-29

SILVER M30

Bullish Symmetrical Triangle
According to the chart of M30, SILVER formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 21.21/0.00 whereas the lower border goes across 21.57/0.00. The pattern width is measured on the chart at -356 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.00 is broken, the price could continue its move toward 21.
2022-11-29

SILVER M5

Bearish Rectangle
According to the chart of M5, SILVER formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 20.91 – 0.00 and upper border 20.85 – 0.00. In case the lower border is broken, the instrument is likely to follow the downward trend.
2022-11-28

SILVER M15

Triple Bottom
The Triple Bottom pattern has formed on the chart of SILVER M15. Features of the pattern: The lower line of the pattern has coordinates 21.05 with the upper limit 21.05/20.91, the projection of the width is 225 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 20.83, the price is most likely to continue the upward movement.
2022-11-28