Weekly silver forecast
Last week silver prices traded under pressure . It broke 14$ and even gave a close beneath it . Closing below 14$ gives a danger pattern for buyers . This week xagusd price has a weekly support on chart at 13.70$ . If market break this and manage to close beneath this level . Then expect market to favor sellers upto 13.30$ – 12.70$ this week .
If silver price manage to break our weekly technical resistance at 14.40$ and close above this level then expect market to favor buyers upto 15$ – 15.70$ this week .
weekly silver forecast conclusion : Xagusd trend is in favor of sellers . But avoid any fresh selling as we have Fed event this week .
More will update in daily xagusd price forecast .
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