Silver continue to move as part of growth. At the time of the publication of the forecast, the price of silver is 14.87 dollars. Moving averages indicate a short-term uptrend. At the moment, we should expect an attempt to continue asset correction and test the resistance level near the 15.05 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 14.35.
XAG/USD Forecast Silver and Analysis June 7, 2019
In favor of raising the XAG/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the rising channel. Cancellation of the option of reducing the price of silver on June 7, 2019 will be a strong growth and a breakdown of 15.25. This will indicate a breakdown of the upper boundary of the channel and continued growth in the region above the level of 15.75. Expect to accelerate the fall in quotes XAG/USD stands with the breakdown of the lower boundary of the rising channel and closing below the level of 14.50.
XAG/USD Forecast Silver and Analysis June 7, 2019 implies an attempt to test the resistance area near the level of 15.05. Further, the continuation of the fall in quotations with the goal below the level of 14.35. The abolition of the option of reducing the price of Silver will be a strong increase and the breakdown level of 15.25. This will indicate a breakdown of the resistance level. In this case, one should expect continued price growth above the level of 15.75.
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