Silver continue to move within the bearish channel decline. At the time of the publication of the forecast, the price of silver is 15.09 dollars. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to grow the asset and test the resistance level near the 15.20 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 14.65.
XAG/USD Forecast Silver and Analysis July 3, 2019
In favor of the fall in XAG/USD quotes, a test of the resistance line on the relative strength indicator will come out. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option of falling prices for Silver July 3, 2019 will be strong growth and a break of 15.35. This will indicate a breakdown of the resistance area and continued growth to an area above the 15.75 level. Expect to accelerate the fall of XAG/USD quotes with the breakdown of the support area and closing below 15.05.
XAG/USD Forecast Silver and Analysis July 3, 2019 implies an attempt to test the resistance area near the 15.20 level. Further, the continuation of the reduction of quotations with a target below the level of 14.65. Cancellation of the option of falling prices for Silver will be a strong growth and the breakdown level of 15.35. This will indicate a breakdown of the resistance level. In this case, we can expect a continuation of the rise in prices above the level of 15.75.
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