Silver XAG/USD is trading at the level of 18.09. Silver continues to trade above the upper boundary of the Ichimoku Cloud, which indicates the presence of an upward trend in silver. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 17.90, from which one should expect an attempt to grow and develop the bullish trend for this pair with the aim of increasing the level of 18.40.
Ichimoku Forecast XAG/USD on April 3, 2017
Earlier, we received a weak signal for Silver purchases, due to the intersection of the signal lines at the level of 17.05. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 17.60, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations XAG/USD stands with the breakdown of the local maximum area at 18.20.
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