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Silver New York Price Forecast: XAG/USD challenging the 17.45 resistance, bullish

  • XAG/USD is trading close to its highest since early March. 
  • The resistance to beat for bulls is the 17.45 level on daily closing basis.
 

Silver four-hour chart 

 
Silver is trading near 10-week tops just below the $17.45 per troy ounce resistance. Bulls stay in charge but need a sustained breakout above the mentioned level on a daily closing basis. Looking up, possible target points can be located near the 18.20 and 18.80 levels. On the other hand, pullbacks down can emerge near the 16.80 and 15.84 levels. 
 
 
Resistance: 17.45, 18.20, 18.80
Support: 16.80, 15.84, 15.42
 
 

Additional key levels

XAG/USD

Overview
Today last price 17.38
Today Daily Change 0.31
Today Daily Change % 1.82
Today daily open 17.07
 
Trends
Daily SMA20 15.9
Daily SMA50 15.02
Daily SMA100 16.34
Daily SMA200 16.95
 
Levels
Previous Daily High 17.23
Previous Daily Low 16.9
Previous Weekly High 17.63
Previous Weekly Low 16.63
Previous Monthly High 15.85
Previous Monthly Low 13.82
Daily Fibonacci 38.2% 17.02
Daily Fibonacci 61.8% 17.1
Daily Pivot Point S1 16.91
Daily Pivot Point S2 16.74
Daily Pivot Point S3 16.58
Daily Pivot Point R1 17.23
Daily Pivot Point R2 17.39
Daily Pivot Point R3 17.56

 

 

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