XAGUSD Silver prices forecast : key prices $18.5 and $16.5
Will the price of silver fall significantly?
I don't think so.
Silver prices look like being in the process of preparing for a big rise. It's likely to take three months or so. The key prices are $18.5 and $16.5. I'll wait and see until they build a foothold on the $16.5 and breakout $18.5. It would be better to wait for a stable time to buy, rather than entering a chaotic market like now.
[XAG/USD, Spot Silver prices monthly chart]
I don't think so.
Silver prices look like being in the process of preparing for a big rise. It's likely to take three months or so. The key prices are $18.5 and $16.5. I'll wait and see until they build a foothold on the $16.5 and breakout $18.5. It would be better to wait for a stable time to buy, rather than entering a chaotic market like now.
[XAG/USD, Spot Silver prices monthly chart]