Silver XAG/USD is trading at the level of 16.84. Silver traded below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish 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 near the level of 16.50.
XAG/USD forecast Silver prices on June 14, 2017
Earlier, a weak signal was generated for the sale of Silver, due to the crossing 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 bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XAG/USD stands with the breakdown of the local minimum area at 16.70.
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