Silver XAG/USD finished the trading week at the level of 17.87. 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 limit of the Ichimoku Cloud near the level of 17.50, from which one should expect an attempt to grow and develop the bullish trend over the Silver with a view to growth near the level of 18.60.
Ichimoku Kinko Hyo Forecast XAG/USD on April 24 — 28, 2017
Previously, a strong signal was received for Silver purchases, due to the intersection of the signal lines at the level of 17.70. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 17.20, which will indicate a shift in the upward trend in favor of a 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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