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 PrestonEvidence 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? | Doomberg— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 6:44:02 PM
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