Silver XAG/USD completes the trading week at the level of 17.32. Silver traded below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in SILVER. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 17.40, 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 16.30.
XAG/USD weekly forecast June 12 — 16, 2017
Earlier, we received a weak signal for XAG/USD buying, due to the crossing of the signal lines at the level of 16.95. 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 quotes above the area of 17.60, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations XAG/USD stands with the breakdown of the local minimum area at 16.60.
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