Silver (SLV) experienced a large triangle breakout followed by a breakdown through the bottom of the triangle toward $70 (roughly 12-15% decline from triangle apex), tested the lower support of the triangle, and is now recovering back toward $80, which would confirm the entire decline was a 'fake out' if it breaks back above.

factualpending

Speaker

Mike Preston

Evidence Quote

SLV...big triangle...breakdown at 70...testing the bottom part of that triangle...if we got back to 80...all of this was a fake out.

Source

Oil To Collapse To $30/Barrel After Iran War Ends? | DoombergAdam Taggart | Thoughtful Money®
Created: 8/12/2026, 6:44:02 PM

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