Commodity Blog |
| Descending Triangle Pattern on Weekly Silver Chart Suggests Continuation of Drop Posted: 14 Apr 2013 08:18 AM PDT Silver is falling, following other precious metals, including gold, and the descending triangle pattern, which formed on the weekly chart, suggests that the drop should continue. The pattern indicated by the yellow lines. The bottom line indicates the support level, which the price was unable to break so far. The price was bouncing from that level, attempting to rally, but failing every time. The failed rally created a string of lower highs, [...] |
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