News

Silver New York Price Forecast: XAG/USD holds into 10-week highs

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

Silver four-hour chart 

 
XAG/USD is holding into 10-week highs near the 17.45 resistance. Buyers remain in control and a break beyond the mentioned level on a daily closing basis can yield extra gains towards 18.20 and 18.80. On the flip side, retracements down may find support near the 16.65 and 15.84 levels initially. 
 
 
 
Resistance: 17.45, 18.20, 18.80
Support: 16.65, 15.84, 15.42
 
 

Additional key levels

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.