Silver XAG/USD is trading at the level of 17.12. Silver continues to trade below the lower boundary of the Iсhimoku Cloud, indicating a downward trend in silver. It is expected to test the area of signal lines near the level of 17.40, from which one should expect an attempt to drop and develop a bearish trend for Silver near the level of 16.90.
Ichimoku Kinko Hyo XAG/USD Forecast on May 2, 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. The cancellation of the fall option will be a breakdown of the upper boundary of the Iсhimoku Cloud with the closing of quotes above the area of 17.80, which indicates a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall of quotations XAG/USD is with the breakdown of the local minimum area at 17.00.
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