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Silver Price Analysis: XAG/USD pressuring May highs, bullish

  • Silver trades above $15.40 per troy after last week advance. 
  • The level to beat for buyers is the 15.85 resistance.
 

Silver four-hour chart 

 
XAG/USD is consolidating the recent bullish push witnessed at the end of the last week while currently holding above the 15.40 level and the main SMAs on the four-hour chart. Buyers should stay in control with a possible continuation towards the 15.85 level and 16.50 in the medium-term. Support could emerge near 15.40 and 15.00 levels. 
 
 
Resistance: 15.85, 16.50, 17.00
Support: 15.40, 15.00, 14.50
 
 

Additional key levels

 

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