weekly silver forecast
Silver ( xagusd ) price fired last week and it tested 14.34$ . But then it reversed immediately and came back to 14$ level . Finally it closed at 14.02$ . A good support on weekly silver chart at 13.50$ . If this support broken by bears and manage to sustain beneath our support . Then expect sellers to correct upto 13$ – 12.20$ this week .
A good resistance on weekly chart indicate level of 14.91$ . Once this level broken by buyers and manage to close above our hurdle . Then expect firepower in xagusd upto 15.45$ – 16.30$ this week .
Weekly forecast conclusion : Trend is flat to positive for this week . Stay cautious as many data are due this week .
More will update in daily forecast update .