SILVER { XAGUSD}: Bearish Correction On The Horizon

avant-hierAfter a strong upward trend last week, Silver has now paused its advance and is consolidating.

Currently, an Indecision pattern, specifically a symmetric triangle, is forming on the 1-hour chart. The price is testing the boundaries of this pattern.

If there is a bearish breakout, with a 1-hour candle closing below the support line, we could see a downward correction toward the nearest support level at 30.20.

Conversely, if the price breaks and closes above the resistance line, we would anticipate a continuation of the bullish trend.