Silver is at the top now for both triangle and channel pattern

1 mins well spent

Silver Analysis:

Silver has formed a Descending Triangle and Descending Channel Pattern in the Daily timeframe chart.

Now, Silver price is standing at the top zone, wait for the confirmation of breakout or reversal.

US dollar dips after Positive news came from the US FDA regarding the approval of Pfizer vaccine for commercial people usage.

Stimulus program delayed as talks between the US Congress and the democratic party.

US dollar declines against the basket of major currencies on the previous week.

Silver also declined on the previous week.

Silver at the important price area, wait for the confirmation of breakout or reversal.

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