Silver XAG/USD is trading at the level of 17.83. Silver is trading below the lower boundary of the Ishimoku Cloud, indicating a downward trend in silver. It is expected to test the area of signal lines near the level of 17.90, from which one should expect an attempt to fall and develop a bearish trend for Silver near the level of 17.60.
Ichimoku Kinko Hyo XAG/USD forecast on April 26, 2017
Previously, a weak signal was generated for the sale of Silver, due to the intersection of the signal lines at the level of 18.25. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 18.20, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations XAG/USD stands with the breakdown of the local minimum area at the level of 17.70.
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