Silver New York Price Forecast: Silver trades in 10-week highs, nearing $17.45/oz

  • XAG/USD is trading at is highest since early-March. 
  • The level to beat for buyers is the 17.45 resistance.

Silver four-hour chart 

XAG/USD is trading in 10-week highs as silver is nearing the 17.45 resistance one more time. Buyers stay in control and a break beyond the mentioned level should yield further advances towards 18.20 and 18.80. On the other hand, pullbacks down could find support near the 16.65 and 15.84 levels initially. 
Resistance: 17.45, 18.20, 18.80
Support: 16.65, 15.84, 15.42

Additional key levels


Today last price 17.24
Today Daily Change 0.25
Today Daily Change % 1.47
Today daily open 16.99
Daily SMA20 15.37
Daily SMA50 14.92
Daily SMA100 16.37
Daily SMA200 16.94
Previous Daily High 17.57
Previous Daily Low 16.63
Previous Weekly High 16.73
Previous Weekly Low 15.28
Previous Monthly High 15.85
Previous Monthly Low 13.82
Daily Fibonacci 38.2% 17.21
Daily Fibonacci 61.8% 16.99
Daily Pivot Point S1 16.56
Daily Pivot Point S2 16.12
Daily Pivot Point S3 15.61
Daily Pivot Point R1 17.5
Daily Pivot Point R2 18
Daily Pivot Point R3 18.44



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