Silver continue to move in the framework of the decline and the downward channel. At the time of the publication of the forecast, the price of Silver is 14.86 Dollars. At the moment, we should expect an attempt to develop an upward correction and a test of 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 a target below the level of 14.45.
XAG/USD Forecast Silver and Analysis April 26, 2019
In favor of reducing 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 downward channel. Cancellation of the option of falling prices for Silver on April 26, 2019 will be strong growth and a breakdown of 15.20. 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 of XAG/USD quotes with the breakdown of the support area and closing below 14.65.
XAG/USD Forecast Silver and Analysis April 26, 2019 implies an attempt to test the resistance area near the level of 15.05. Further, the continuation of the fall in quotations with a target below the level of 14.45. Cancellation of the option of falling prices for Silver will be a strong growth and the breakdown of the level of 15.20. This will indicate a breakdown of the upper boundary of the channel. In this case, we can expect a continuation of the rise in prices above the level of 15.75.
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