XAG USD price forecast for silver on August 31, 2016


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Quotes Silver XAG USD continues to trade within the descending pattern of 1:1 in order to fall to below 17.50 area. Cancellation option will be a strong growth and a break above the 19.00 area, which indicates continued growth of quotations en Silver in the area above the level of 20.

XAG USD price forecast for silver on August 31, 2016

XAG USD price forecast for silver on August 31, 2016

An additional signal in favor of the fall and of the descending forex 1:1 model stands the test downward trend line on the indicator of relative strength, which indicates the continuation XAG USD quotes fall.

XAG USD price forecast for silver on August 31, 2016 suggests an attempt to fall within the framework of the descending forex model 1:1 in order to fall below the level of 17.50.

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