Silver (XAG/USD) charts indicate the formation of a bearish triangle pattern that should resolve soon. The pair is testing its support in the 26 region. A break below the indicated support zone should push the metal lower towards the 26 region. A failure of the pattern on the other hand indicated by a break above the declining trend line should push the pair higher towards the 34 region. We are monitoring price action for the time being.
5/5 stars (3 votes)