Silver continue to move as part of growth. At the time of the publication of the forecast, the price of Silver is 15.77 Dollars per Troy Oz. At the moment, we should expect an attempt to test the support level near the 15.20 area. Where can we expect a rebound and continued growth in the price of Silver with the goal above the level of 16.30.
XAG/USD forecast Silver & analysis January 8, 2019
In favor of the growth of XAG/USD quotes, there will be a test of the trend line on the relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the option of rising prices for Silver will be the fall and the breakdown of the area 15.00. This will indicate a breakdown of the lower boundary of the channel and the continuation of falling into the region below the level of 14.55. Expect confirmation of the growth of XAG/USD quotes with the breakdown of the resistance area and closing above the level of 16.05.
XAG/USD forecast Silver & analysis January 8, 2019 implies an attempt to test the support area near the 15.20 level. Further, the continuation of the growth of quotations with the goal above the level of 16.30. Cancellation of the option of rising prices for silver will fall and the breakdown of the level of 15.00. This will indicate a breakdown of the lower boundary of the channel. In this case, we should expect the continuation of the fall of Silver below the level of 14.55.
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