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Silver Price Analysis: XAG/USD parked above $18.00/oz

  • XAG/USD is stabilizing near levels last seen in late February 2020.
  • The level to beat for bulls is the 18.40 resistance.  
 

Silver four-hour chart 

 
Silver is holding in 3-month highs just below the $18.40 per troy ounce resistance level. XAG/USD  bulls remain in charge but a clear break above the 18.40 level would be needed for the market to march north towards the 18.80 and 19.00 levels. On the other hand, a turn below the 17.75 support can lead to some retracement down towards the 17.25 level.  
 
 
Resistance: 18.40, 18.80, 19.00
Support: 17.75, 17.25, 16.75
 
 

Additional key levels

XAG/USD

Overview
Today last price 18.26
Today Daily Change -0.04
Today Daily Change % -0.22
Today daily open 18.3
 
Trends
Daily SMA20 16.54
Daily SMA50 15.53
Daily SMA100 16.31
Daily SMA200 16.96
 
Levels
Previous Daily High 18.39
Previous Daily Low 17.85
Previous Weekly High 17.91
Previous Weekly Low 16.85
Previous Monthly High 17.91
Previous Monthly Low 14.72
Daily Fibonacci 38.2% 18.18
Daily Fibonacci 61.8% 18.06
Daily Pivot Point S1 17.97
Daily Pivot Point S2 17.65
Daily Pivot Point S3 17.44
Daily Pivot Point R1 18.5
Daily Pivot Point R2 18.71
Daily Pivot Point R3 19.04

 

 

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