Emerging Rising Wedge pattern in its final wave was identified on the Silver Spot 1 hour chart. After a strong bullish run, we find Silver Spot heading towards the upper triangle line with a possible resistance at 45.1951. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
Silver Spot is signaling a possible trend reversal on the intraday charts with price not breaching support.
