Weekly silver forecast
Silver ( xagusd ) price finally broke all barrier and tested 15$ . We were in buy from approx 14$ which we booked at 14.60$ . It tested last week 15.04$ and gave final close at 14.96$ . A good support on xagusd weekly chart at 14.50$ . If traders manage to break this level and close beneath this support . Then expect market to support sellers upto 14.05$ – 13.70$ this upcoming week .
A good resistance on weekly silver chart at 15.45$ . If traders manage to break this hurdle and manage to close above our resistance . Then expect market to support buyers upto 16.05$ – 16.70$ this week .
Silver forecast weekly conclusion : China is close for entire week . So no major metal data expected for this week . Only gold data could effect its prices this week .Trend is positive for this week but stay cautious on higher levels .
More will update to our trading signal subscribers .