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Silver New York Price Forecast: XAG/USD holding onto gains above $15.00/oz

  • XAG/USD bounced up sharply from the 2020 lows as the Federal Reserve introduced its largest stimulus package in history.
  • The level to beat for buyers is the 15.50 resistance.
 

Silver daily chart

 
Following the sharp selloff to 2009 lows, XAG/USD bounced up as the Fed introduced a limitless Quantitative Easing (QE) in response to the coronavirus crisis.
  

Silver four-hour chart 

 
Silver is about to challenge the 15.50 resistance and the 200 SMA on the four-hour chart as bulls remain in control while a break above this level should inroduce scope for further advances towards the 16.20 and 16.60 levels on the way up. On the flip side, XAG/USD could find support near the 15.00, 14.50 and 14.00 price levels.  
 
 
Resistance: 15.50, 16.20, 16.60
Support: 15.00, 14.50, 14.00
 
 

Additional key levels

XAG/USD

Overview
Today last price 15.26
Today Daily Change 0.26
Today Daily Change % 1.73
Today daily open 15
 
Trends
Daily SMA20 14.17
Daily SMA50 16.28
Daily SMA100 16.88
Daily SMA200 17.03
 
Levels
Previous Daily High 15.09
Previous Daily Low 14.25
Previous Weekly High 14.56
Previous Weekly Low 13.82
Previous Monthly High 17.58
Previous Monthly Low 11.64
Daily Fibonacci 38.2% 14.77
Daily Fibonacci 61.8% 14.57
Daily Pivot Point S1 14.46
Daily Pivot Point S2 13.93
Daily Pivot Point S3 13.62
Daily Pivot Point R1 15.31
Daily Pivot Point R2 15.62
Daily Pivot Point R3 16.15

 

 

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