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Silver New York Price Forecast: XAG/USD trades sideways near $17.00/oz

  • XAG/USD is consolidating off the monthly tops. 
  • Support can emerge near the 16.80 level.  
 

Silver four-hour chart 

 
Silver is trading off 10-week tops just below the $17.45 per troy ounce level. Bulls are losing steam as XAG/USD trades below the 50 SMA on the four-hour chart. In this context, a break below the 16.80 support cannot be ruled out. On the other hand, a daily break above the 17.45 level can lead to further upside with 18.20 and 18.80 on the radar. 
 
 
 
Resistance: 17.45, 18.20, 18.80
Support: 16.80, 15.84, 15.42
 
 

Additional key levels

XAG/USD

Overview
Today last price 17.03
Today Daily Change -0.11
Today Daily Change % -0.64
Today daily open 17.14
 
Trends
Daily SMA20 16
Daily SMA50 15.1
Daily SMA100 16.33
Daily SMA200 16.95
 
Levels
Previous Daily High 17.45
Previous Daily Low 17.03
Previous Weekly High 17.63
Previous Weekly Low 16.63
Previous Monthly High 15.85
Previous Monthly Low 13.82
Daily Fibonacci 38.2% 17.29
Daily Fibonacci 61.8% 17.19
Daily Pivot Point S1 16.96
Daily Pivot Point S2 16.78
Daily Pivot Point S3 16.53
Daily Pivot Point R1 17.38
Daily Pivot Point R2 17.63
Daily Pivot Point R3 17.81

 

 

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