SILVER (XAGUSD): Waiting For Breakout

817
It appears that ⚠️SILVER is gearing up for a bullish trend.

Analyzing the 4H time frame, I spotted a falling wedge pattern and a confirmed breakout above its upper boundary.

The final hurdle for buyers is the 36.11 - 36.17 neckline of a cup and handle pattern.


If the bulls manage to break and close above this level, it will serve as a significant bullish signal, likely leading to a continuation towards at least 37.00.

Disclaimer

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.