Silver New York Price Analysis: XAG/USD trading in 7-day’s highs, nearing $15.00/oz

  • XAG/USD is bouncing up from 2020 lows as the Federal Reserve launched the largest stimulus package in history this Monday.
  • The level to beat for bulls is the 15.00 resistance.

Silver daily chart

After the sharp selloff to 2009 lows, XAG/USD is reversing up as the Fed announced unlimited Quantitative Easing (QE) to counter the coronavirus crisis, this Monday.  

Silver four-hour chart 

XAG/USD is challenging the weekly highs as the bulls are nearing the 100 SMA on the four-hour chart. The correction up is set to extend higher especially on a break beyond the 15.00 resistance level which could introduce scope to the 15.50 and 16.60 levels in the medium term.  
Resistance: 15.00, 15.50, 16.60
Support: 14.00, 13.50, 13.00

Additional key levels


Today last price 14.64
Today Daily Change 0.17
Today Daily Change % 1.17
Today daily open 14.47
Daily SMA20 15.29
Daily SMA50 16.86
Daily SMA100 17.08
Daily SMA200 17.07
Previous Daily High 14.73
Previous Daily Low 14.01
Previous Weekly High 15.29
Previous Weekly Low 11.64
Previous Monthly High 18.95
Previous Monthly Low 16.4
Daily Fibonacci 38.2% 14.45
Daily Fibonacci 61.8% 14.28
Daily Pivot Point S1 14.07
Daily Pivot Point S2 13.68
Daily Pivot Point S3 13.35
Daily Pivot Point R1 14.79
Daily Pivot Point R2 15.12
Daily Pivot Point R3 15.51



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