Quotes Silver XAG USD continues to trade within the descending pattern of 1:1 in order to fall below the 17.70 area. Cancellation option will be a breakdown of the upper boundary of the channel, which points to continued growth of quotations XAG USD in the area above the level of 20.
XAG USD silver prices forecast for September 1, 2016
An additional signal for the continuation of the fall is the formation of topping model in the forex indicator of relative strength, indicating a continuation of the fall already from current levels.
XAG USD silver prices forecast for September 1, 2016 assumes a reduction in the price of silver in the framework of the descending pattern of 1:1 in order to fall below the level of 17.70.
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