Silver XAG/USD is trading at the level of 17.96. Silver is traded inside the Ichimoku Cloud, which indicates the presence of a lateral trend for Silver. Silver will move for some time inside the Ichimoku Cloud, it is expected to rise to the upper border near the level of 18.20, then fall to the lower border near the level of 17.95.
Ichimoku Kinko Hyo XAG/USD Forecast on April 10, 2017
Now a weak signal has been formed for the sale of Silver, due to the intersection of the signal lines at the level of 18.25. To consider the sale of Silver costs with breaking through the lower boundary of the Ichimoku Cloud and closing of quotations below the level of 17.80, in case of breaking through the upper boundary of the Ichimoku Cloud, one should expect the continuation of the development of the upward trend in XAG/USD.
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