Silver XAG/USD completes the trading week at the level of 17.18. Silver broke through the Ichimoku Cloud and began to trade below its lower limit, indicating a downward trend in silver. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 17.60, from which one should expect an attempt to fall and develop a bearish trend over the Silver with a view to lower near the level of 16.50.
Ichimoku Kinko Hyo XAG/USD Forecast May 1 — 5, 2017
Earlier, a weak signal was received for the sale of Silver, due to the intersection of the signal lines at the level of 17.90. 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 18.30, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations XAG/USD is with the breakdown of the local minimum area at 16.90.
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