Silver XAG/USD is trading at 17.64. Silver is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Silver. It is expected to test the area of signal lines near the level of 17.40, from which one should expect an attempt of growth and development of the bullish trend for Silver near the level of 17.90.
XAG/USD forecast price Silver for June 7, 2017
Previously, a strong signal was generated for Silver buying, due to the crossing of the signal lines at the level of 17.25. Cancellation of the growth of quotations of the Silver will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 17.10, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XAG/USD stands with the breakdown of the local maximum at 17.80.
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