weekly silver forecast
Last week silver price tested 13.65$ . In our intraday update we provided support of 13.50$ . That support remained solid and it bounced pretty hard from lower levels . Xagusd performed better than gold in last 2 days as it closed above 14.05$ . Lowest point was 13.65$ and highest point for silver last week was 14.32$ .
This week xagusd price has a good support at 13.50$ . If market break this and sustain below our weekly support then expect market to correct upto 13.05$ – 12.60$ this week .
If xagusd price break our chart weekly resistance at 14.60$ and manage to close above our weekly resistance then expect market to favor buyers upto 15.20$ – 16$ this week .
Silver forecast conclusion weekly : Trend is weak for now . Avoid major buying or selling as we entered in last week of trading this year .
More will update in daily update .