Silver technical analysis this week
Last week silver started its run from 15.50$ odd levels . Lowest point was 14.74$ last friday . Highest point for xagusd was 15.55$ on monday . Finally it closed 75 pips down . This week if comex silver prices break our weekly technical support at 14.30$ and close below this weekly level then expect market to correct upto 13.80$ – 13.20$ upcoming week .
If comex silver price click our weekly resistance at 15.55$ and close above our weekly level then expect market to rise upto 16.20$ – 17$ this week .
Silver technical analysis conclusion : This week trend is weak so avoid any major buying . No fresh selling recommended on these levels as well .
More will update in daily xagusd forecast update .