Silver is showing so much strength right now and I do not see it going down much. The symmetrical triangle technically breaks towards upside much more often than to the down side. The RSI is at a historic point of control and the MACD does show major upside bias. I am super bullish on silver right now.
Trade closed: target reached:
Perfect breakout exactly to the target zone.
The symmetrical triangle is a continuation pattern. It can break up or down but tends to follow the existing trend. In this case it looks like a bullish flagpole pennant. If the case, the price should break up to $26.50