March 12, 2018

SILVER Weekly triangle | Multi-Year support line and H&S

  • Silver weekly chart shows a bearish descending triangle. But one look at the Month candle shows price near the Multi year support line. So a breakdown from the triangle could end up as a false one and price may take support at the Monthly support line.
  • One other view is very bearish. Month chart is showing a Head and Shoulders pattern starting at Year 2005 to 2018. So a breakdown from this pattern may lead to a melt down in silver prices.
  • GOLD Support zone and Rounding Top

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