SILVER Triangle pattern

CHART-II

• Silver Triangle shown below has given good short trade. Now price is testing Crucial moving average in four hour time frame. Bears can extend gains if they manage to close and sustain below 200 SMA.

CHART-I

• Silver four hour chart is consolidating in a triangle pattern.
• Breakout on the upside has to trade above 50 week moving average for bigger moves.
• Breakdown from the triangle may give a good short trade.
GOLD CHART ANALYSIS