weekly silver forecast
Last week we enjoyed vacations and market remained under pressure with minimum volumes . It cracked from 14.20$ odd zone till 13.80$ zone . Gave final close at 13.85$ . This week silver price has a weekly resistance on chart at 14.50$ . Once buyers beat this level and manage to close above this level then expect market to zoom upto 15.20$ – 15.80$ this week .
A good support on weekly chart this week at 13.45$ . Once sellers break this level and manage to close beneath this level then expect market to favor bears this week upto 13$ , 12.40$ and even more selling in silver not ruled out .
weekly silver forecast conclusion : Trend is in favor of sellers but market has to break our weekly xagusd support to resume selling spree . Till then stay idle and keep watching our daily forecast update .
More will update in daily forecast update .