On the 5 d chart, there is a H&S. This is a bearish chart pattern; and if it plays out, target is 24.
It appears a H&S is forming on the 3 mo d chart. If it completes and plays out, target is about 23. However, it still needs to move up to form the right shoulder. There is an open gap at 23.60 which will likely be filled.
Your contention that there is an SLW H&S pattern forming on the 5 day chart is too short to constitute any H&S pattern. As far as an H&S pattern forming on a 3 month daily frequency chart, that, too, is incorrect, but it seems either you’ve attracted 1 thumb up believer, or you’ve rated yourself one with another screen name.
An SLW H&S pattern that is relevant is the 5 year weekly frequency chart (using the bar pattern). This is an INVERSE H&S pattern, which is bullish. The Right Shoulder is near completion. The Head is not sufficiently large, however, meaning that upside potential may be limited. In this context silver could be regarded as somewhat like “the canary in the coal mine”. There are many stories of the manipulation of the gold price by central banks (banksters). Fines are finally being passed to those responsible where investors have been hurt. Banks DO NOT participate in the silver bullion market due to storage issues.
The inverse H&S patterns, currently, are present on all PM fund charts that we follow, which include the gold sector and some other precious minerals. SLW patterns may not be representative because of the volatility of silver. Spot gold shows a well defined inverse H&S pattern, but again spot silver is, like SLW, not well defined. Silver prices react to what happens in the gold sector.
It is recommended that you use the GoldPrice (org) website. Yahoo’s charts are lousy when it comes to sector evaluation.
A Symmetrical Triangle is made up of smaller chart patterns. They are often H&Ss and IH&Ss. Strong possibility the IH&S you mentioned will be contained by the Symmetrical Triangle.........for now anyway.