Silver continue to move as part of the growth. At the time of the publication of the forecast, the price of Silver is 17.39 Dollars. Moving averages indicate a bearish trend. However, prices were able to break through the area between the signal lines up. At the moment, we should expect an attempt to develop a decrease in the cost of metal and a test of the support level near the area of 16.95. Where can we expect a rebound and continued growth in the price of Silver with a target above the level of 18.45.
XAG/USD Forecast Silver and Analysis December 24, 2019
An additional signal in favor of the growth of quotations and prices for XAG/USD Silver will be a test of the support line on the relative strength index (RSI). The second signal in favor of the rise will be a rebound from the upper boundary of the downward channel. Cancellation of the option of rising Silver prices on December 24, 2019 will be a fall and a breakdown of 16.45. This will indicate a breakdown of the support area and continued decline to the area below the level of 15.95. Expect to accelerate the growth of XAG/USD quotes with the breakdown of the resistance area and closing above the level of 17.65.
XAG/USD Forecast Silver and Analysis December 24, 2019 implies an attempt to test the support area near the level of 16.95. Further, the continued growth of quotations with the target above the level of 18.45. Cancellation of the option of rising prices for Silver will be a fall and a breakdown of the level of 16.45. This will indicate a breakdown of the support level. In this case, we should expect continued decline in prices below the level of 15.95.
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