Silver completes the trading week near the level of 15.50. Silver continues to trade above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend in silver. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 15.35. Where should we expect an attempt to rebound and continue to grow with a goal near the level of 16.75.
Silver Weekly Forecast XAG/USD March 4 — 8, 2019
An additional signal in favor of rising silver prices in the current trading week of March 4 – 8, 2019 will be a rebound from the support level. And also test the lower boundary of the ascending channel. Earlier, a weak signal was received for BUY the Silver, due to the intersection of signal lines at the level of 14.25.
Cancellation of the growth option of Silver quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with a close below the 14.95 area. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall in Silver prices. Expect to accelerate the growth of XAG/USD quotes with the breakdown of the resistance area and closing above the level of 16.15.
Silver Weekly Forecast XAG/USD March 4 — 8, 2019 suggests an attempt to develop a correction to the level of 15.35. Where can we expect a rebound and continued growth of quotations with a potential target near the level of 16.75. In favor of growth will make the test level of support. The cancellation of the option of increasing the price of Silver will be the breakdown of the area of 14.95. In this case, we can expect a continuation of the decline.