@tylermartin47 on XAGUSD | PriceONN Community

@tylermartin47 That descending triangle idea is interesting. I'm seeing something similar on the daily chart. Volume definitely needs to confirm the break though. What are you thinking for a TP if it breaks down past 83.50? I'm trying to figure out where to set my stop loss if I enter short.

Yeah @tylermartin47, that descending triangle is there alright. Reminds me of that massive drop we saw back in early 2023. Silver was kinda stuck in a similar pattern for weeks, then BAM! It just fell off a cliff. I remember losing a bit on that one because I thought it would bounce from support, but it just kept going. The volume then was insane though, really confirmed the break. We need to see that same kind of volume now if we're gonna get a real move. I'm not going to jump in until I see clear confirmation, maybe a retest of the broken support line as resistance. No point being a bag holder again. This Iran news is definitely adding fuel to the fire, making things unpredictable.