weekly silver forecast 1st week march 2016

By | February 28, 2016

weekly silver forecast

Silver finally showed a crack last week and our positional signal is in pretty good cash . Unlike gold , Xagusd could not showed any growth and it made a double top when it tested 15.55$ last week . A good support on weekly xagusd chart this week at 14.30$ . If traders manage to break this support and manage to close beneath this support . Then expect market to tank upto 13.70$ – 13.20$ this week .

A good resistance on weekly silver chart at 15.61$ . If traders break this hurdle and manage to close above our weekly resistance . Then expect market to support buyers upto 16.20$ – 17$ this week .

This week we have major manufacturing data from china . So keep an eye on this economic data which could impact prices .

Weekly silver forecast conclusion : Trend is weak for this upcoming week . Avoid major selling till market dont show any rise .

More will update in daily forecast update .

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