Silver $XAGUSD has been in a triangle, meaning lower highs, and higher lows. This is a congestion pattern, meaning the market is treating the middle of this pattern as "fair" price for now. A breakout will signal a directional swing or trend. XAGUSD Daily Chart(click to enlarge)Triangle:- Triangle basically represents a narrowing of volatility. - From the daily chart we can see that there was a large swing at the start of 2016. - Since then, price swings have been gradually getting smaller. - Right now, price is in the middle of a projected triangle, around $15.60. We can consider this "equilibrium" or "fair" price for now. Anticipating Breakout:- Price is holding under the 200-day SMA, which carries some bearish bias.- But the RSI is holding above 40, which reflects some bullish momentum (from the end of 2017 into early 2018). - Basically, there is no bias to either side. A break below $15 should open up downside about $13, the bottom of the triangle. W- A break to the upside, above $16 will likely open up $17.50, and $19.50.