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Silver New York Price Forecast: XAG/USD holding above $17.00/oz

  • XAG/USD is hovering near its highest point since early-March. 
  • The level to beat for buyers is the 17.45 resistance on daily closing basis.
 

Silver four-hour chart 

 
XAG/USD is holding near 10-week highs just below the 17.45 resistance. Buyers should stay in control and a break above the mentioned level on a daily closing basis can lead to extra gains towards 18.20 and 18.80. On the other hand, pullbacks down can find initial support near the 16.65 and 15.84 levels. 
 
 
Resistance: 17.45, 18.20, 18.80
Support: 16.65, 15.84, 15.42
 
 

Additional key levels

 

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