Silver continue to move as part of the correction. At the time of the publication of the forecast, prices for Silver amount to 14.64 Dollars. Moving averages indicate a short-term uptrend. At the moment, we should expect an attempt to grow the asset and test the resistance level near the 14.75 area. Where can we expect a rebound and the continuation of the fall in the price of Silver with the goal below the level of 14.25.
XAG/USD Forecast Silver and Analysis June 12, 2019
In favor of raising the XAG/USD quotes, a test of the resistance line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the option of falling prices for Silver June 12, 2019 will be strong growth and a break of 14.85. This will indicate a breakdown of the resistance area and continued growth to an area above the 15.15 level. Expect to accelerate the fall of XAG/USD quotes with the breakdown of the support area and closing below 14.45.
XAG/USD Forecast Silver and Analysis June 12, 2019 implies an attempt to test the resistance area near the level of 14.75. Further, the continuation of the fall of quotations with the goal below the level of 14.25. Cancellation of the option of falling prices for Silver will be a strong growth and the breakdown of the level of 14.85. This will indicate a breakdown of the resistance level. In this case, one should expect continued price growth above the level of 15.15.