Silver is trading at 14.50. Silver is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in silver. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 14.35. Where can we expect a rebound and continued growth in prices for Silver with a goal near the level of 14.95.
Silver forecast & analysis XAG/USD November 23, 2018
An additional signal in favor of the growth of XAG/USD quotes will be a test of the support level. Earlier, a weak signal was received for BUY the Silver, due to the intersection of signal lines at 14.15.
Cancellation of the growth of quotations Silver will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with a close below the area of 14.05. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall with a potential target near the 13.85 area. Expect acceleration of growth of XAG/USD quotes with the breakdown of the resistance area and closing above the level of 14.60.
Silver forecast & analysis XAG/USD November 23, 2018 implies an attempt to test the support level near the 14.35 area. Where can we expect to continue the growth of XAG/USD with a potential target near the level of 14.95. Cancellation of the growth of the pair will make the fall and the breakdown of the area 14.05. In this case, we should expect the continuation of the fall.