silver forecast this week
Unlike gold Silver prices remained in a narrow trading zone last week . Highest point was 14.45$ . Lowest point was 14.03$ . Finally gave a weekly close at 14.18$ . Full week it remained in a small zone and it knocked out many traders stoploss last week .
This week silver chart suggest weekly technical resistance at 14.71$ . If market close above this weekly resistance then expect market to favor buyers upto 15.50$ – 16.20$ and even more buying biased market not ruled out .
Silver chart shows a weekly technical support at 13.50$ . If market break this support and close below our weekly silver support then expect market to correct upto 12.90$ – 12.30$ and even more correction in this metal not ruled out .
Silver forecast this week conclusion : Market trend is weak for now . So avoid any major buy trade .
More will update in daily silver price forecast update .