Silver prices to rise a little more - XAGUSD 16.05 and 16.50

Silver prices are rising. Experts and investors who are expecting a rise in precious metal prices are cheering. People who do not invest in precious metals are also attracted to gold and silver prices.

Silver is likely to rise a little more. The key price lines in Silver spot price in US dlooars (XAGUSD) seem to be 16.05 and 16.50.

I think it is time to think about selling instead of buying silver. The rise in silver price is not stable. It seems unstable. It seems likely that it will plunge in the near future.

[Silver price weekly chart, XAGUSD]
Silver prices to rise a little more - 16.05 and 16.50