After a strong rally, the price of silver has been creating a correction. The whole corrective movement may look currently like a triangle pattern with support at 26 USD and resistance set by the line drawn through the tops.

If the trendline is broken the market may create an upward movement to the previous highs at 28,50 or 29,40 USD. It seems that only a move below 26 USD could lead to another drop towards the next support at 24 USD.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.

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Chart PatternshgSilverTrend Analysis

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