weekly silver forecast
Last week silver ( xagusd ) price kept on higher side unlike gold which was facing pretty good consolidation and it kept buyers on edge with its bigger red candles . It tested 16,31$ highest point last week and close above 16.20$ proving its strength . A good support on weekly silver chart stands at 15.70$ . If traders manage to break this support and close beneath our weekly support . Then expect xagusd to correct upto 15.30$ – 14.80$ this week .
A good resistance on silver chart stands at 16.55$ . If traders break this weekly hurdle and manage to close above our weekly resistance . Then expect xagusd to zoom upto 17.05$ . 17.70$ this upcoming week .
weekly xagusd forecast conclusion : Trend is positive for this week . Avoid any sell trade .
This week watch gold prices . If they keep collapsing and tests our weekly support then this precious metal could follow . So keep an eye on our daily updates
More will update in daily forecast update