Silver XAG/USD is trading at the level of 16.97. Silver continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in silver. It is expected to test the area of signal lines near the level of 17.10, from which one should expect an attempt to fall and develop a bearish trend for Silver with the first goal near the level of 16.40.
Silver prices forecast XAG/USD on June 15, 2017
Earlier, a weak signal was generated for the sale of Silver, due to the intersection of signal lines at the level of 17.50. Canceling the variant of falling quotations of the Silver will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 17.40, which will indicate the change of the downward trend in favor of the bullish trend. Expect to accelerate the fall of quotations XAG/USD stands with the breakdown of the local minimum area at 16.60.
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