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FX.co ★ Forecast of silver for April 23, 2014

Forecast of silver for April 23, 2014

Silver is touching the lower end of the triangle seting it up for a major base formation completion and time for prices to take off. If it calls below the triangle, you will have to check if selling volumes support it. But the recent volumes have been dull in gold. So Silver going above 19.8 should be a sign of a trend reversal from down to up and this time it should go up to breakout sharply from this triangle. 21.2 is the upper end of the triangle above which 25 is the next one.

Forecast of silver for April 23, 2014
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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