Silver is trading at 14.90. Quotes XAG/USD moves below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in Silver. Growth and the test of the lower border of the Ichimoku Kinko Hyo Cloud are expected near the level of 15.00. Where can we expect a rebound and the continuation of the fall in prices for Silver with a goal near the level of 14.45.

Silver Forecast and XAG/USD analysis April 29, 2019

An additional signal in favor of a drop in XAG/USD quotes will be the resistance level test. As well as a rebound from the upper limit of the bearish channel. Previously, a strong signal was received for SELL the Silver, due to the intersection of signal lines at the level of 15.00.

Silver Forecast and XAG/USD analysis April 29, 2019

Cancellation of the quotation reduction option Silver will be the breakdown of the upper border of the Ichimoku Kinko Hyo Cloud with a close above the 15.15 area. This will indicate a change in the downward trend in favor of the upward trend and continued growth with a potential target near the 15.45 area. Expect to accelerate the fall in prices XAG/USD stands with the breakdown of the support area and closing below 14.75.

Silver Forecast and XAG/USD analysis April 29, 2019 involves an attempt to test the resistance level near the area of ​​15.00. Where can we expect to continue the fall of XAG/USD with a potential target near the level of 14.45. Cancel the option to reduce the instrument will make a strong growth and the breakdown of the area 15.15. In this case, we should expect a continuation of the rise with the goal above the level of 15.45.