@justin_k63 on XAGUSD | PriceONN Community

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J
I'm curious about something I've been noticing on the silver chart. Does anyone else see what looks like a potential descending triangle forming on the daily timeframe? It seems to be consolidating, with lower highs and a consistent support level around 82.75. If this pattern confirms, what are your thoughts on the potential downside target? I'm still new to technical analysis, so any insights would be greatly appreciated. I'm trying to understand how reliable these patterns are in the current market conditions, especially with all the external factors influencing silver's price. Could this be a good opportunity, or am I misinterpreting the chart?
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