Silver XAG/USD completes the trading week at 16.36. Silver continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in silver. Silver is expected to increase near the level of 16.90, from which it is expected to try to fall and develop a bearish trend for the Silver with a view to lower near the level of 15.60.
XAG/USD forecast Silver for the week May 15 — 19, 2017
Earlier, a weak signal was received for the sale of Silver, due to the intersection of the signal lines at the level of 17.90. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 17.60, which indicates a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations XAG/USD is with the breakdown of the local minimum area at 15.80.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link. After registration, send the account number via the form.