• Pattern Identification: Silver has recently broken out of a rising channel, a bullish continuation pattern. A breakout from this pattern usually indicates strong upward momentum. • New High Formation: Silver has formed a new high at 32.27 after the breakout, confirming the strength of the initial move.
now Silver breaks and sustains above 32.27, it will likely confirm the continuation of the uptrend. • Upside Target: Silver could aim for the next resistance level, depending on Fibonacci extensions or historical price levels (targets could be 35.90 or higher)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.