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Silver Forecast for June 12, 2024
The quotes of XAG/USD continue to move as part of the development of a strong and bullish “Wolfe Wave” pattern. At the time of publication of the forecast, prices for Silver are 29.16. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a decline in the price of the metal and a test of the support level near the area of 29.05. Where can we expect an upward rebound and continued growth in the price of ... (full story)