Silver Short Setup: Possible Rising Wedge Bearish Breakout

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Silver Short Setup: Possible Rising Wedge Bearish Breakout


This chart shows a possible short setup for Silver (CFD) on the 30-minute timeframe. A rising wedge pattern has formed, which is a generally bearish continuation pattern. The price has recently broken below the wedge support line, but it has not yet closed below it decisively.

Technical Analysis:

Pattern: Rising Wedge (bearish)
Potential Entry: Short below 26.231 (wedge support)
Stop Loss: Above 26.767 (wedge resistance)
Target: 25.500