Thursday, October 15, 2026

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Silver forms bearish BAT pattern, decline till $14 is possible

Harmonic Pattern - Bearish BAT Pattern Potential reversal Zone (PRZ) - $15.50. The commodity has recovered till $15.41 after making a low of $14.24. Overall trend is till weak as long as resistance $15.50 holds. On the h…

By Lis Howell
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Silver forms bearish BAT pattern, decline till $14 is possible
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Harmonic Pattern - Bearish BAT Pattern

Potential reversal Zone (PRZ) - $15.50.

  • The commodity has recovered till $15.41 after making a low of $14.24. Overall trend is till weak as long as resistance $15.50 holds.
     
  • On the higher side any break above $15.50 will take the pair to next target till $16/$16.45.
     
  • The commodity minor support is around $14.80 and nay break below will drag further down till $14.40/$13.95.

It is good to sell on rallies around $14.80-85 with SL around $15.25 for the Tp of $14.45/$14

 

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