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Silver New York Price Forecast: XAG/USD rises to 3-month highs

  • XAG/USD is trading at levels last seen in late February.
  • The level to beat for bulls is the 17.80 resistance.  
 

Silver four-hour chart 

 
Silver is trading in 3-month highs just under the $17.80 per troy ounce resistance. The white metal is gaining some steam while above its main SMAs on the four-hour chart. However, buyers would need a convincing break above the 17.80 level to extend the bullish run towards the 18.20 and 18.80 levels. On the other hand, a break below the 16.80 support can lead to a deep pullback down towards the 15.84 level.  
 
   
Resistance:17.80, 18.20, 18.80
Support: 17.45, 16.80, 15.84
 
 

Additional key levels

XAG/USD

Overview
Today last price 17.7
Today Daily Change 0.35
Today Daily Change % 2.02
Today daily open 17.35
 
Trends
Daily SMA20 16.22
Daily SMA50 15.3
Daily SMA100 16.31
Daily SMA200 16.95
 
Levels
Previous Daily High 17.52
Previous Daily Low 17.18
Previous Weekly High 17.63
Previous Weekly Low 16.63
Previous Monthly High 15.85
Previous Monthly Low 13.82
Daily Fibonacci 38.2% 17.39
Daily Fibonacci 61.8% 17.31
Daily Pivot Point S1 17.18
Daily Pivot Point S2 17.01
Daily Pivot Point S3 16.84
Daily Pivot Point R1 17.52
Daily Pivot Point R2 17.7
Daily Pivot Point R3 17.87

 

 

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