weekly silver forecast
Silver prices tested 14.37$ last week and then retraced back approx 40 cents from there . Lost all gains made in run and closed flat at 13.94$ . Xagusd underperformed gold by big margins and it remained lower . A good support on weekly chart stands at 13.40$ . Once bears break this and manage to close beneath this level then expect market to correct upto 12.80$ – 12$ this week .
A good resistance on chart at 14.55$ . Untill unless xagusd price break this and close above this resistance . There is no firepower in xagusd . Once this condition fulfills then expect market to support buyers upto 15.10$ – 15.80$ this week .
weekly silver forecast conclusion : Trend is flat to positive for now . Just follow daily technical levels .
More will update in daily forecast update .